Employee Benefits

Richard is joined by Mikhail Raybshteyn, Americas Captive Insurance Services Co-Leader at EY, and Vittorio Zaniboni, Captive & Insurance Excellence Leader for EY in Luxembourg to reflect on captive activity in 2024, and what to expect in 2025.

Meta Platforms Inc, the parent company of Facebook and WhatsApp, is awaiting a decision from the Department of Labor to authorise an Employee Retirement Income Security Act (ERISA) exemption to allow its captive to reinsure certain US employee benefits.

Extensive claims data is signalling increasing instances of cancer diagnosis and a rising cost per claim, while captive strategies give employers more options to intervene and respond.

In this GCP Short, Richard is joined by Nicola Fordham and Dr Leena Johns, of MAXIS GBN, to discuss how data on rising cancer claims can inform programme design, treatment choice and preventative measures.

MAXIS Global Benefits Network has appointed Nicola Fordham to the newly created role of chief solutions officer, moving on from the chief underwriting officer position she has held since 2021.

Zurich Global Employee Benefits Solutions (ZGEBS) has introduced enhanced digital reports, online customer collaboration platforms and automated data transfer.

Aligned objectives and regular communication between an insured’s insurance and benefits teams are key to successful international employee benefits programmes, while networks and consultants must play their part too, according to Lauren Kelly, of MAXIS Global Benefits Network, and Aon’s Dany Mathieu.

This GCP Short is all about the importance of collaboration between HR and risk and insurance teams when implementing a captive employee benefits programme.