Captives

With this system the multinational company's reinsurance captive takes part in the Multinational program. In doing so, the multinational company can fully integrate the provision of risk benefits with the overall risk management philosophy adopted by the captive. The level of participation can be multiple :-

• Transfer of the multinational dividend to the captive
  The multinational company's captive becomes the holder of the Multinational Program and receives the multinational dividend.
   
• Transfer of risk related reserves to the captive
  Reserves for "Incurred But Not Reported" claims held at the year end by Insurope network partners, as a provision for insured but yet unknown claims, can be transferred - together with the liability they cover - to the captive.
   
• Transfer of the pooling risk to the captive
  The multinational company's captive assumes the risk related to the pooling system and therefore no risk charge is levied.
   
• Transfer of the premium
  to improve the multinational company's cash flow position, risk premiums (death, disability and medical) are transferred to the captive. Periodic claims settlements will ensure the proper funding of these claims.