Taming the Monster
- Topics:
- Insurance
- Tags:
- Business Operations,
- Service Component Architecture,
- Payroll Solutions,
- Monster,
- Insurance,
- Financial Planning,
- Finance,
- Employee Benefit,
- Corporate Insurance,
- Treasury & Risk Management
- Source:
- Treasury & Risk Management
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Overview: This paper deals with the insurance policies adopted by the companies for their employees. Companies are turning to captives to contain escalating costs for employee benefit plans. In January, SCA, a Stockholm-based consumer products company with $8.8 billion in 2002 revenues, implemented a global program to cut the costs of its employee benefits without actually reducing their value to employees. The method: underwrite the benefits for its 40,000 global employees through its wholly owned captive insurance company in Dublin, SCA Re.
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Format: HTML | Date: Jul 2003 | Pages: 5
