For any buyer in today’s economy, before you make a purchase, you're likely going to Google "how much does it cost?". This of course, is no different in the Life Insurance Industry or in our Reinsurance Administration line of business. When a company is considering outsourcing any of their ceded or assumed reinsurance functions, one of the first questions asked is, well, “How much is it going to cost?”
The answer to that question isn’t as easy as Googling ‘how much is an iPhone?’. We consider several factors when pricing an outsourced reinsurance administration solution a lot of which depend on the current state of the client.