Using a captive insurance company for employee benefit liabilities

Article Abstract:

Employee benefits are now being transferred in captive insurance companies and are providing both profit and tax benefits for the company. A captive insurance firm insures or reinsures only businesses owned by financial, industrial or service-oriented companies. The insured company arranges its own risk-financing program and has the flexibility and freedom to select the services it needs. When the captive assumes the financial risks, the profits would go to the captive instead of the insurance company and would create tax advantages.

INSURANCE CARRIERS, Reinsurance, Reinsurance Carriers, Employee Benefits Management Svcs, Third Party Administration of Insurance and Pension Funds, Services, Employee benefits, Insurance, Employee benefits management services, Captive insurance companies

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New types of pension fund in Germany

Article Abstract:

The report by the commission established by the German Ministry of Finance headed by Prof Wolfgang Gerke proposes three kinds of pension funds in Germany. These are the betriebsunmittelbarer Pensionsfonds (BUPF), the betriebsmittelbarer Pensionsfonds (BMPF) and the anlageorientierter Pensionsfonds (APF). Of the three, the BMPF and the APF are almost similar to the idealistic pension fund which was formulated from international standards and by combining the features of the pension funds of other countries.

Pension Funds & Benefit Plans, Pension Funds, Germany, Securities

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New mutual fund proposals in Hungary

Article Abstract:

The revival of interest in mutual insurance funds in Hungary has resulted in a draft law proposing the establishment of voluntary mutual insurance funds (VMIFs). VMIFs are seen to replace state-funded social security benefits and provide for medical expenses, cash sickness benefits and pensions. Accredited VMIFs, however, will be subject to stricter requirements and monitoring through VMIFs that are not recognized.

Hungary, Associations, Fraternal organizations

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