On July 1, 2005, Roelof Kistemaker took over as Global Benefits Manager at Roche. He was formerly with Aon as their Manager International Benefits Europe.
Roche is a leading global healthcare company with headquarters in Basel, Switzerland, and a total of 65 000 employees worldwide. In 2004 Roche’s operating profit reached CHF 8.9 billion; turnover was CHF 31.2 billion. Sales in the first six months of 2005 were up by 17%, and operating profit rose by 30%. Tamiflu, Roche’s product against Avian Influenza (H5N1) has been in the news recently, which has had an additional positive impact on sales.
Roche has been using pooling solutions for over 20 years and is currently working with two pooling networks. However, a significant number of countries are not yet included in the pooling concept. Using a new Group Directive, Roelof Kistemaker intends to expand the pooling solutions so that most of the poolable business and benefits can join one of the two pools.
Roche includes the following benefits in their pooling solution: lump sum death, accidental death and dismemberment, short-term and long-term disability income, medical, survivors’ annuities and fully insured retirement plans. Ultimately, the aim is to reinsure the majority of pooled risks to a captive.
Since the implementation of the new Group Directive, three new countries have decided to pool their contracts with the Swiss Life Network, increasing to twelve the total number of countries included in the pooling agreement. It is hoped that more Roche countries will join the Swiss Life Network over the next few years.
For more information about the Roche Group, please visit www.roche.com
Roche has been using pooling solutions for over 20 years and is currently working with two pooling networks. However, a significant number of countries are not yet included in the pooling concept. Using a new Group Directive, Roelof Kistemaker intends to expand the pooling solutions so that most of the poolable business and benefits can join one of the two pools.
Roche includes the following benefits in their pooling solution: lump sum death, accidental death and dismemberment, short-term and long-term disability income, medical, survivors’ annuities and fully insured retirement plans. Ultimately, the aim is to reinsure the majority of pooled risks to a captive.
Since the implementation of the new Group Directive, three new countries have decided to pool their contracts with the Swiss Life Network, increasing to twelve the total number of countries included in the pooling agreement. It is hoped that more Roche countries will join the Swiss Life Network over the next few years.
For more information about the Roche Group, please visit www.roche.com