Products & Services

By building successful partnerships, Optimum Re has maintained steady growth and profitability, earning a solid reputation as a reinsurer that provides efficient and professional client service.

Optimum Re offers reinsurance solutions, competitive pricing, full underwriting services, research & development and an individual record administration system which enhances its risk management services for Life, Critical Illness and supplemental products.

Year after year, we continue to successfully expand our presence in the market through organic growth, block acquisitions, and personalized solutions tailored to increase growth for our clients.

 

In the early years our focus on serving the smaller insurance companies and fraternals brought
reinsurance support and much-needed expertise to this market segment, laying the foundation
for our subsequent expansion into the large company marketplace. 

Optimum remains committed to new markets, profitable growth for our clients and to providing
new capacity and expertise to client companies.

Optimum Re provides high value client support across every facet of insurance product
development and management:

1 - Lines of Business

  • Individual Life Insurance
  • Critical Illness in Individual, True Group and Voluntary markets
  • Accidental Death (ADB and AD&D)
  • Common Carrier
  • Specialty Risk (Group Life)

2 - Research and Development

  • Full-time R&D actuarial and physician staffing
  • New research available to clients
  • Custom turnkey products
  • Critical Illness product development and ongoing support
  • Focused on new developments and risk issues

3 - Actuarial / Pricing

  • Information tools
  • Pricing and product design support
  • Prompt quote response time
  • CI pricing and ongoing support 

4 - Risk Management

  • Special reports for clients to verify retention, auto limits, and jumbo risk exposure 

5 - Administration

  • Sophisticated reinsurance information system
  • Reliable, accurate and consistent data processing
  • Electronic reporting options available
  • Individual cession administration at no extra cost
  • Detailed and timely reinsurance reports
     

6 - Underwriting

  • International underwriting network
  • 24-hour time service on facultative quotes
  • Facultative support with no minimum case size
  • Second opinion
  • Guideline design and application review
  • Unique Web-based Critical Illness underwriting manual
  • New web-based user-friendly Life underwriting manual launched in 2012
  • Critical Illness underwriting training and support
  • Web-based underwriting manual for life and older age products
  • Medical Director Support
  • Training seminars – including our top-rated Annual Underwriting Seminar
     

7 - Claims

  • Claim forms designed and reviewed
  • Prompt claim processing
  • Assistance in claim review and analysis
  • Assistance with special benefit claims
  • Experience with "Accelerated Living Benefit" Claims
  • Critical Illness claims training and support
     

8 - Optimum Re Product Development Support

  • Simplified issue with no fluids or customer involved tests
  • Return of premium where return is a paid-up policy
  • Final Expense
  • Critical illness plans and riders
  • Chronic Illness acceleration riders
     

9 - Marketing

  • Dedicated sales team, Life and Critical Illness
  • Experience serving small, medium and large company clients
  • Underwriting and actuarial experience in the field
  • Development of new product concepts
     

Why Optimum Re?

  • Reinsurance and
    Expertise
  • "Fresh" capacity,
    reinsurance risk diversification, Jumbo
    case support.
  • Pioneer and leader in
    Critical Illness
  • Full underwriting services,
    Fac cases, no minimum
    cession
  • Underwriting Seminars –
    fully subscribed, "rave"
    reviews!
  • Web-based Life and CI
    Underwriting Manuals
  • Sophisticated
    administration - >
    information and reporting

Need more information?

Call us  1-800-678-4686

Contact us