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.
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
Contact: Life captives
Wendy Liu
Head of Zurich Global Employee Benefits Solutions
Zurich, Switzerland
Phone: +41 44 625 3743
Contact: Non-life captives
Paul Woehrmann
Head of Captive Services Global Corporate Europe/Middle East/Africa; Asia Pacific; LATAM
Zurich, Switzerland
Phone: +41 44 628 8282
Steven R. Bauman
Senior Vice President, Head of Captive services, Global
Corporate in North America
Phone: +19175344857
Products and services vary by country
Because the needs of our customers are different, our products and services also vary
around the world. Insurance and financial products and services are provided by licensed
members of the Zurich Insurance Group (Zurich). Not all products or services listed are
available in all jurisdictions or to all customers. Please contact your local Zurich office for
details about the relevant products and services in your country. No warranties or
guarantees are being made by Zurich based on statements on this website.