Slide 1: Pearls Of Wisdom And Other Gems… Virtual Captive Solutions
Pearls Of Wisdom And Other Gems… Virtual Captive Solutions
Slide 2: Welcome & Introductions
Welcome & Introductions Your Panel of Speakers Stephen Higginson Head Customer & Distribution ANZ, Swiss Re Corporate Solutions Thomas Keist Global Captive Solutions Leader, Swiss Re Corporate Solutions Exposure: Tropical Cyclone causing wide area damage and loss of attraction to island resort Prote
Slide 3: A Disturbance In The Force
“A Disturbance Insert In The Force” heading/comment
Slide 4: A Captive – A Lifeboat In Troubled Seas?
A Captive – A Lifeboat In Troubled Seas? “A captive suits those corporates which have decided that insurance as a loss payment instrument is of value, and that self-insurance is economically the better choice” A captive is the “insurance alternative” for self-financing of risk vs simple retention
Slide 5: A Virtual Captive – Is It Real, Does It Have Substance?
A Virtual Captive – Is It Real, Does It Have Substance? “A Virtual Captive is a multiyear insurance agreement that emulates the mechanics of a traditional captive” Contractual elements needed to achieve this: Multiyear: the risk financing happens over time, as is with a real Captive Premium: p
Slide 6: Time Well Spent – A Virtual Captive Solution
Time Well Spent – A Virtual Captive Solution “A Virtual Captive could suit those corporates who have decided that a captive would be the right answer to their insurance needs” But are… evaluating alternatives to setting up a captive seeking to avoid the time needed, cost and complexities con
Slide 7: A Captive But Not As You Know It - Virtual Captive Advantages
A Captive But Not As You Know It - Virtual Captive Advantages “A traditional captive is set up as a (re)insurance company within a corporation. A virtual captive is a multiyear agreement with an existing licensed insurance company. ” Advantages for Client: No set-up cost and no need to navigate
Slide 8: The Keys To The Captive Universe
The Keys To The Captive Universe “A Virtual Captive is a consideration for those who have decided that a Captive approach to risk financing is the right thing for them” Things to consider: Insurer’s Risk Appetite Multiyear Agreements Not necessarily reduced premium spend on single year basis
Slide 9: No mention shall be made of coral, or of pearls
“No mention shall be made of coral, or of pearls, for the price of wisdom is above rubies” Book of Job
Slide 10: Thank you!
Thank you! Contact us Thomas Keist Global Captive Solutions Leader Thomas_Keist@swissre.com +41 43 285 87 24 Follow us Stephen Higginson Lisa Matthews Head Customer & Distribution ANZ Customer & Distribution Manager ANZ Stephen_Higginson@swissre.com Lisa_Matthews@swissre.com (03) 9935 0001 (03) 9935
Slide 11: Swiss Re Corporate Solutions
(ii) Swiss Re Corporate Solutions
Slide 12: Legal notice
Legal notice ©2017 Swiss Re. All rights reserved. You are not permitted to create any modifications or derivative works of this presentation or to use it for commercial or other public purposes without the prior written permission of Swiss Re. The information and opinions contained in the presentati