Always be proactive, but aggressive run-offs are just plain wrong

In the world of reinsurance there are three main drivers: claims, collections and commutations. These are the three Cs of reinsurance one must learn, much like learning one's ABCs. These three Cs make the reinsurance world go round, or in some cases not! It is often when an insurance or reinsurance company (which I will collectively refer to as 'insurance companies' in this article) goes into run-off that the reinsurance of the company becomes a critical issue.The income of the company is no