International Group Program (IGP) has launched a centre of expertise for innovative global employee benefits solutions, including reinsurance to captive and global underwriting programmes.
IGP notes the centre was formed to address ever-evolving business requirements to manage biometric risk in the context of local regulation changes, technological and data analytical developments, and the increasing importance of ESG criteria.
In addition, the centre will provide the commercial strategy, service delivery, administration and technical oversight that risk managers, finance managers and legal functions require for such insurance and underwriting programmes.
The centre includes a dedicated business unit for all corporates and their advisors, as well as flexible product design, data-driven underwriting support and portfolio governance, and a bespoke operating platform.
Alongside its core multinational pooling programmes and employee benefits programmes, IGP has expanded the offering to next-generation global underwriting and reinsurance to captive programmes.
This includes a redesigned operational workflow that expedites the implementation of captives, whether a transition from a pooling programme or a standalone inception.
IGP’s existing captive and global underwriting clients will be transitioned to the new team, managed by director of account development, Tamara Laanen, with a team of captive and global underwriting specialists supported by IGP’s key functional areas, such as marketing, underwriting, portfolio management, legal, compliance and risk management.
Marco Giacomelli, head of the IGP network, explains: “The IGP Center of Expertise is the first unit of its kind among the global employee benefits networks.
“We created it to give our customers and their advisors an authoritative and personalised point of reference in the implementation, servicing, technical governance and risk management of their captive and global underwriting programmes.”
