LTCG and Hannover Release Enhanced Underwriting Manual for Hybrid Life and Long Term Care Policies

 First-of-its-kind manual leverages data from LTCG, considered the gold standard in the industry

EDEN PRAIRIE, MN – March 20, 2015 – Hannover Life Reassurance Company of America (Hannover Re US) announces the release of a new long term care (LTC) section for underwriting hybrid policies in Ascent, its electronic underwriting manual. Ascent’s LTC section is available exclusively to direct writers that reinsure combination policies with Hannover Re US. The Ascent update combines Hannover Re US’s robust life underwriting expertise with the deep LTC industry knowledge of its strategic partner and market leader for LTC administration and risk management, LTCG. Hannover Re US clients can leverage LTCG’s two decades of LTC experience and its proven underwriting criteria to make informed underwriting decisions for hybrid policies. The LTC section of Ascent is a first of its kind solution for direct insurers that are responding to the growing consumer demand for hybrid products.

Hybrid products are well-positioned for growth because the policy structure allows consumers to retain life insurance benefits if LTC services are not ultimately needed. With the updates to Ascent, comprehensive underwriting support for hybrid products, featuring best-in-class mortality and morbidity data, is available exclusively to Hannover Re US clients in a web based format.

“With more than 20 years of experience in this space, LTCG’s underwriting criteria is considered the gold standard in the LTC industry,” said Tony Laudato, Vice President of Marketing for Hannover Re US. “With the addition of this data to our own mortality insights, we have created a guide with incredible strategic value for clients looking to bring hybrid policies to market.”

This expanded manual is just one part of the scalable, total risk management solution for hybrid products created through a partnership between Hannover Re US and LTCG. This solution includes both product design and pricing assistance, underwriting and risk management services, claims processing and reinsurance.

“LTCG is excited to advance our strategic alliance with Hannover Re US through our contributions to this comprehensive underwriting manual,” said Adam Hoffman, Vice President of Business Development for LTCG. “This initiative is just one part of our efforts to empower clients that want to improve their profitability through product innovations while better managing risk.”


About LTCG

LTCG is the leading provider of administrative solutions and clinical services to the long term care insurance industry, with nearly two decades of experience in this space. LTCG currently manages over 1.3 million policies and serves more than 50 carriers nationwide. The company addresses all types of customer needs and policy requirements—from application processing and underwriting of new business to claims and administration of open and closed blocks. LTCG’s advanced data analytics, actuarial and risk management capabilities and unmatched industry expertise can help organizations manage their business and develop emerging products such as hybrid life/long term care policies. In addition, LTCG provides clients with unique insight about risk management built upon the industry’s largest database of long term care underwriting and claims outcomes. For more information, visit

About Hannover Re US

Hannover Life Reassurance Company of America (Hannover Re US), which is licensed and/or accredited in all 50 US states, the District of Columbia, Puerto Rico, and Guam, is the North American life and health reinsurance subsidiary of Hannover Re Group. Hannover Re, with a gross premium of EUR 14.4 billion (USD 17.5 billion), is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with around 2,500 staff. Hannover Re US is rated “AA-“ by Standard & Poor’s and “A+” by A.M. Best. Additional information about the Company can be obtained from its web site at