| Popis: |
In the last 30 years there has been a significant, if uneven, growth in the practice of using captive insurance companies as employee benefit risk funding vehicles. This was due to the corporate need to reduce insurance costs in more difficult economic conditions, but also to obtain financing capacity for ‘uninsurable’ benefit risk, a problem compounded by the events of September 2001. The use of captive insurers for benefit funding has been impeded by tax and legal constraints in certain jurisdictions, particularly in the USA. This situation has now changed as a result of a more ‘liberal’ application of US tax and employment law and this may encourage the wider use of captives to fund benefit risks. |
