Life captives

Zurich provides captive services for employee benefit plans through the Zurich Global Employee Benefits Solutions. Zurich Global Employee Benefits Solutions has a wealth of experience implementing captive programs and has been involved in employee benefits captives for more than 25 years.

Using captives for employee benefits meets today's challenges

Regulation: Captives are an effective way to create the high standards of transparency and risk management demanded by today’s regulations.

Control: Captives give you more control over employee benefits programs. For example premium savings can be shifted into programs that will attract the best talent. Also, because the captive is a significant risk taker, you can offer custom programs that may not be available on the wide market: from long-term disability coverage for top executives to the elimination of specific exclusions.

Improving profitability: Bringing life risks into an existing captive makes it possible to capture additional underwriting profits, for example when employee benefits programs are reinsured to a captive.

To find out more about the benefits of life captives and the solutions we offer, please download and read our brochure.

Benefits of captives for life risks

• Improved access to management information globally through quarterly reporting of premiums and claims
• Increased flexibility in plan design and underwriting
• Greater transparency of costs – breakdown of pure risk premium, administration charges and commissions
• Better governance through integration of employee benefit financing in wider risk management policies
• Improved yields by self-management of premium, reserves and excess margins
• Reduced volatility and more diversification within portfolio, potential financial advantages of reduced solvency capital under Solvency II in case of combination of life and non-life risks
• Enhanced cash flow to the customer

Types of employee benefit that can be added to a captive

• Basic and supplemental life
• Long term disability
• Non-qualified benefit
• Retiree medical
• Active medical
• Medical stop loss
• Workers’ compensation
• Accidental death and dismemberment
• Business travel accident