Reports for Management

The broad title for this seminar was selected for the deliberate purpose of encouraging a presentation of the various kinds of reports that were being made for management and inviting questions and discussion concerning them. It was pointed out that the Annual Statement itself and its related Insurance Expense Exhibit were reports for management as well as mandatory documents filed with Insurance Departments. Schedule P and Page 14 were touched on, and the desirability, even necessity, of developing a full Insurance Expense Exhibit on Direct, Reinsurance Accepted, and Reinsurance Ceded sections separately before combining into the filed "Net" basis, was emphasized.