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For more than 20 years, IGP has been ceding employee benefits to some of its clients’ captive insurers.
For clients interested in reinsuring IGP coverages with their captive insurance company, IGP offers a range of possibilities that can be tailor made to meet individual client needs.
In most countries, IGP can cede all or part of the risk on life, medical, and disability coverages to the captive. In return, the captive would receive a proportionate share of the risk charge. An annual settlement process simplifies administration by netting expense payments and deficit reimbursements, if any, into a single transaction. Net margins can also flow to the captive or continue to be paid to the parent company as International Dividends.
Second Stage Accounting is still based on total premium, including any risk ceded to the captive. This affords the captive deficit protection offered by the client’s International Account. Likewise, margins associated with premiums held by the captive may be used to recover deficits produced elsewhere in the client’s International Account.
For larger International Accounts, IGP can transfer most reinsured risk premiums to the parent’s captive insurer, allowing the captive to benefit from favorable cash flow.
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Customer
Center
Self-experienced IGP customers can log on to the
IGP Customer Center, a secure website where they can review the status of their IGP account.
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Contact
Me
Want to learn more about IGP in
general and what we can do for you? Simply fill out the
following form, and we'll contact you at your convenience.
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