Information

Insurance / Management of death/disability risks

Up to the end of 2008, Copré benefited from complete reinsurance for death and disability risks.

Thanks to the growth of the Foundation, the Board of Trustees was then able to opt for a new principle of reinsurance combining a ‘stop loss’ insurance (coverage by Copré of benefits up to a fixed ceiling, the amounts exceeding this amount being covered by the insurer) and an ‘excess of loss’ reinsurance (reinsurance of the most important individual risks not covered by the ‘stop loss’).

From 1st January 2009 to 31 December 2011, the companies Zurich Assurances and Elips Life respectively assumed these risks.

Following a new invitation to tender, an even more advantageous solution has been put in place effective 1st January 2012 with the company PK Rück. This company assumes both the ’stop loss’ cover and the ‘excess of loss’ cover.

This change reflects the desire of the Board of Trustees to improve efficiency in the utilisation of the Foundation’s resources. It should contribute to further enhancing the attractiveness and competitiveness of the Foundation.