Generali Employee Benefits (GEB) joined the 2016 Airmic Conference, which took place on 6-8 June at the HIC in Harrogate (UK). The three-day event provided insurance and risk managers with a wide range of training and networking opportunities.
This year programme focused on emerging trends, including:
- Impact of BEPS (Base Erosion and Profit Shifting) Package on captive arrangements
- Managing health and safety risks for work-related international travel and assignments
- Governance needs in complex international insurance programmes.
Damian Ross, GEB Regional Manager UK and Northern Europe, contributed to the session on Employee benefits - what risk managers need to know to get engaged, where experts discussed how to support the increasing involvement of risk managers in employee benefits programs.
Among the topics addressed: data and metrics needed to align human capital to the overall business strategy, specific risks and constraints, and opportunities for financial optimisation and improved productivity.
Mr Ross illustrated the evolution of international employee benefits programmes, and in particular the increased use of captives to manage Employee Benefits. Based on GEB experience in pioneering and establishing these arrangements in the market, he shared lessons learned on how to ensure successful top-down implementation and manage relations with local companies.
On the other side, he discussed how employee benefits fronting companies had to catch up with more sophisticated risk management needs and what features are key to the success of captive clients. “The ability to ensure a regular flow of timely and quality data in the employee benefits sector is of particular concern to our clients, as well as the need to promptly manage data protection issues and the impact of employment and labour regulations across the globe”.
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