Cigna 2009 Annual Report Download - page 41
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21
Markets and Distribution
These products under CIGNA's Run-off Reinsurance segment were sold principally in North America and Europe through a small
sales force and through intermediaries.
Prior to 2000, CIGNA also purchased reinsurance to reduce the risk of losses on contracts that it had written. CIGNA determines
its net exposure for run-off reinsurance contracts by estimating the portion of its policy and claim reserves that it expects will be
recovered from its reinsurers (or “retrocessionaires”) and reflecting these in its financial statements as Reinsurance Recoverables, or,
with respect to GMIB contracts discussed above, as Other Assets.
Other Risks
For more information on policy and claim reserves see the Run-off Reinsurance section of the MD&A beginning on page 73, and
Notes 8 and 11 to CIGNA’s Consolidated Financial Statements beginning on pages 121 and 132 respectively of this Form 10-K. For
more information on the risk associated with Run-off Reinsurance, see the Risk Factors beginning on page 35 of this Form 10-K, and
the Critical Accounting Estimates section of the MD&A beginning on page 55 of this Form 10-K.