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Types of Arrangements

Through a standalone pooling arrangement, IGP allows multinational companies to take advantage of their size and reduce the costs of their employee benefits through economies of scale and size discounts. Our Small Groups Pool (SGP) allows small but growing multinationals to benefit from pooling. We also offer Stop Loss arrangements and can address the needs of multinationals that wish to work with a Captive insurance company.

Standalone Pooling Account

General Requirements:

  • Minimum 1,000 pooled lives
  • Minimum 2 pooled contracts

Poolable Group Coverages:

  • Death Benefits
  • Disability Benefits
  • Accident Benefits (Riders)
  • Survivors' Benefits
  • Medical Benefits
  • Insured Pension Benefits

Larger, less volatile multinational accounts are normally self-experienced and generally operate on a loss carry forward basis, whereby the international dividend is based solely on the client's own experience.

For each policy participating in an IGP International Account, positive Contributions to the International Account (CIAs) are credited, and negative CIAs are debited. If the aggregate net result is positive, it is declared as an International Dividend. If the net result is negative, it is carried forward with interest to be recovered from future positive results.

Rolling Deficit Forgiveness (RDF):

Occasionally, an account may produce a large deficit that is not likely to be recovered in a reasonable period of time. IGP's Rolling Deficit Forgiveness (RDF) protects the International Account from having to carry forward a deficit for an unlimited period.

Any unit's deficit that has not been recovered after it has been included in five International Experience Reports will be forgiven after the fifth report is completed. From the first year that a unit's deficit is incurred, the client will know that this deficit will not be carried forward beyond five years.

Click here to learn more about IGP Loss Carry Forward Accounts.





Small Groups Pool

General Requirements:

  • Less than 1,000 pooled lives
  • No minimum number of pooled contracts
  • No minimum number of employees
  • No minimum premium required
  • International year ends June 30

Poolable Group Coverages:

  • Death Benefits
  • Disability Benefits
  • Accident Benefits (riders)
  • Survivors' Benefits
  • Medical Benefits
  • Insured Pension Benefits

Generally, smaller, more volatile accounts participate in IGP's Small Groups Pool, which was designed to allow small and growing multinational companies to take advantage of pooling, while at the same time being protected from wide fluctuations in claims experience they would otherwise not be large enough to absorb on their own.

The Small Groups Pool helps protect these accounts by combining their experience to form one very large, more predictable pool. Each year, the participants' experience is combined to determine a net surplus – negative contributors are offset by positive contributors.

Clients whose own experience is positive, are paid an International Dividend equal to their positive result less a pro-rata share of deficits produced by other Small Groups Pool participants. If the client's overall experience is negative, the deficit is recovered by the other Small Groups Pool participants, and individual client deficits are not carried forward to the next year.

Click here to learn more about the IGP Small Groups Pool.





Captive Reinsurance

IGP can tailor a captive arrangement to address the specific needs and objectives of our multinational clients. We have had extensive experience in doing so for many years. Our capabilities include ceding risk and passing risk premiums to the Client's Captive. 100% of risk and premium of the coverages placed with IGP Network Partners can be ceded and passed in nearly all IGP countries, although some countries have maximum allowable percentages.

Captive Reinsurance With Risk Ceding Only

IGP can cede all or part of the risk on life, disability and medical coverages to the Captive in most countries.

General Requirements:

  • IGP self-experienced account
  • No outstanding deficit in the associated IGP pooling account

An annual settlement procedure simplifies administration by netting out premiums and other inflows with claims and other outflows into one single transaction. The advantage of this approach is that the administrative burden on the Captive is minimal. IGP delivers informative reports on the experience on each line of business, for each contract, in each country.

Captive Reinsurance With Risk Ceding and Premium Transfer

IGP's Captive product can also include the transfer of net risk premiums associated with reinsured life, disability and medical coverages.

General Requirements:

  • No outstanding deficit in the associated IGP pooling account
  • Premiums paid annually in advance
  • Over 2,000 lives insured with IGP Network Partners
  • Over USD 1 million annual net ceded risk premium
  • Over USD 25,000 net ceded risk premium per plan

John Hancock transfers the premium, net of IGP retention, local taxes and commissions, to the Captive within a few days of the premium having been paid to the IGP Network Partner by the subsidiary.

A letter of credit or other form of security will be required.

Claims will continue to be paid and increases in reserves accounted for by IGP as they are incurred. IGP will send a request for claim reimbursement to the Captive at the end of each quarter.

A final settlement will take place at the end of the year, which will capture any claims that were incurred and reported in the last quarter, as well as any outstanding amounts due to premium adjustments resulting from changes in the insured population, local dividend payments, and so on.

Click here to learn more about IGP's Captive product.

Stop Loss

Stop Loss coverage is mainly for new IGP clients who want to limit or eliminate the likelihood of a deficit being carried forward.

Companies participating in the IGP Stop Loss system agree to receive a reduced international dividend in years when experience is good, in exchange for having all or some of their aggregate losses in years of unfavorable experience forgiven, that is not carried forward to future years’ experience.

The amount used to reduce the dividend is effectively the Stop Loss charge, which is based upon the size and risk profile of the parent’s pool.


  • First Dollar Stop Loss (Full Stop Loss)

    No deficit is carried forward in years when the Contribution to the International Account is negative.

  • % Premium Stop Loss

    The Deficit Carried Forward is limited to a certain percentage of the Total IER Premium each year.

  • Fixed Dollar Stop Loss

    The Deficit Carried Forward is limited to a certain fixed dollar amount each year.

  • 2 or 3 Year Unit Level Stop Loss

    Any annual accumulated deficit on a unit basis that has not been recovered after three years is forgiven after that specific period. The oldest deficit is deemed to be recovered first.

Other forms of stop loss can be examined.

Click here to learn more about IGP’s Stop Loss product.

Global Pricing

For those multinationals that would like to maximize up-front cost savings when providing group employee benefits around the world, IGP is pleased to offer a global discount on the premiums associated with employee benefits arrangements, consistent with the recent overall experience of the plans.

The multinational corporation commits to delivering the agreed upon portfolio of business to IGP Network Partners and including those group employee benefit contracts in an IGP international account.

Eligible coverages are Death, PTD, LTD, STD and AD&D benefits and possibly medical (availability of coverages will vary by country). Retirement benefits are not taken into consideration since the premium will be needed for reserve accrual.

All arrangements are subject to local laws & regulations.