Ferma news - You need to define your objectives and ensure that your employee benefits programme

You need to define your objectives and ensure that your employee benefits programme is actively managed if you want to add value, stressed Livio Mocenigo of Watson Wyatt at yesterday's workshop - "Risk management adding value to employee benefits programmes - latest developments in pooling arrangements and captive schemes."

A pooling arrangement is an effective tool on the condition that good risk management principles are applied and that you deal with the following issues:

  • Establish, communicate and agree a corporate pooling approach

  • Define risk philosophy and carry out a risk profile study

  • Consider and evaluate which lines of business and countries to pool

  • Negotiate pooling terms and conditions with the networks.

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