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Your life insurance company Comprehensive solutions from a single source
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We keep our promise “We work every day to meet our clients’ expectations with regard to our products and supplementary services, advisory expertise and case processing, as well as our support processes. In order to identify potential for improvement, we analyse our activities on an ongoing basis and focus on developing needs-based coverage concepts. This is the corporate culture that we live every day — for the benefit of our clients.”
Reto Toscan, CEO elipsLife
Pollux (4,092 m), Valais, Switzerland
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International presence elipsLife is headquartered in Triesen, Liechtenstein. Its core markets are Switzerland (with a branch office in Zurich), the Netherlands (Amstelveen), Germany Â(Cologne) and Italy (Milan). elipsLife is also active in ÂBelgium and Ireland based on freedom of services.
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Portrait
On the international stage in terms of B2B elipsLife is a life insurance company for institutional clients (B2B) and offers all biometric insurance products that cover the financial consequences of illness and accident, with a focus on employee and individual benefits for mortality and dis ability risks. elipsLife’s clients are pension funds, collective foundations, companies and associations. In its core markets — Switzerland, Liechtenstein, the Netherlands, Germany and Italy — elipsLife is the only insurer to offer all risk coverage from a single source.
Exceptional products: solution-oriented and innovative elipsLife offers innovative, tailor-made insurance products in the area of employee and individual benefits for mortality and disability risks. We have established ourselves on the market as a comprehensive solution provider for all personal insurance related to pension provision. elipsLife is a flexible risk bearer with a wide range of risk transfer models. Regardless of whether the insurance issues are related to expat mobility, pension fund restructuring, a shift from a benefits-based to a contribution-based approach, or the optimisation of balance sheets (IAS 19) — elipsLife always finds the perfect solution in the form of congruent reinsurance. And, because the needs of companies and employees are constantly evolving, elipsLife strives to offer innovative solutions that keep pace with these changes. This also applies to the area of care management, with a focus on prevention and reintegration.
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Portrait
Know-how and expertise elipsLife knows the international social insurance systems inside and out, and offers country-specific solutions that are flexible and attractively priced for all bio metric risks. We rely on specialists who have many years of international experience in the areas of insurance mathematics, medicine, business support, sales and claims management. Experts who keep their knowledge up to date through ongoing training and market analysis.
It’s all about the client At elipsLife, the client is our primary focus. But in-depth needs analysis and risk assessments with the latest risk models are only one side of the story. We also stand for uncomplicated service, personalised contact with clients and streamlined decision-making. Professional expertise and multilingual teams guarantee opti mal customer service. Quality and efficiency are the core elements of benefit management. And benefit processes that are tailored to clients’ needs are elipsLife’s trademark.
Young, unburdened and already established: well on track elipsLife was founded in Vaduz in 2008 by Liechtensteinische Landesbank and the reinsurance company Swiss Re. With elipsLife as a flexible niche player, the inten tion was to bring tailor-made life insurance solutions direct to the market. Swiss Re acquired all elipsLife shares in 2011. During the subsequent years, elipsLife performed so well that Swiss Re strategically incorporated the company into its Life Capital division at the beginning of 2016. This allowed elipsLife, which continued to maintain an independent identity on the market, to benefit even further from the internationality and solidity of the world’s leading reinsurer.
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Customers
• Companies • Pension providers • Pension funds • Affiliates (private individuals)
Distribution partners • Brokers • Pension actuaries • Insurance companies • Banks • Associations (affinity groups)
elipsLife
Sales strategy with first-class partners As a B2B insurance company, elipsLife works with selected sales partners — brokers, experts, insurance companies, banks and associations — all of whom have exceptional insurance expertise. Collaboration with these partners is based on trust, flexibility, speed and quality. The B2B sales strategy is cost-effective and professional, and results in lower prices and higher quality for our clients.
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Our corporate values aim for the greatest possible client satisfaction
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Values Our corporate values reflect the way we see ourselves and determine our employees’ behaviour towards clients. Because insurance solutions from elipsLife are systematically centred around client expectations, achieving the greatest possible client satisfaction is our top priority. elipsLife offers more than just insurance products: competent advice, efficient case processing, comprehensive support processes, innovation and service that shuns no comparison. With staff who are willing and able to represent the values of elipsLife.
Flexibility
Innovation
We demonstrate our flexibility
With innovative solutions and
through customised insurance options
products, we have the right tools
and the best possible service.
to meet all client needs.
s Valuepack back
Speed We strive for rapid work processes through stream lined decision-making and a high level of dedication.
Customer focus We systematically focus our processes on the needs of our clients.
Win-win Through openness and trans parency we create added value for our clients and partners — to the benefit of all those involved.
Liskamm (4,527 m), Valais, Switzerland
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Tailor-made risk solutions for securing income
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Closing gaps in coverage Social insurance systems have been shaped by history and are therefore not optimally tailored to one another, which can lead to gaps in coverage. elipsLife closes these gaps by offering a wide range of insurance solutions that cover the financial consequences of illness, accidents, disability and death.
Identifying gaps in coverage
Customer focused, tailor-made and flexible
People often do not realise the true extent of the conse-
The insurance products offered by elipsLife are tailored to
quences of loss of income until they lose part of their salary
suit the social insurance systems of each individual country.
due to disability or experience the death of a loved one.
We work together closely with our clients to analyse and
Often, these events are compounded by additional expenses
determine their needs, and then translate them into tailor-
due to necessary adjustments to the person’s living situation
made solutions, striving to achieve optimal coordination
or costs incurred as the result of a death. These gaps in
between state provisions (first pillar), employee benefits (sec-
income should therefore be insured as well as possible in
ond pillar) and individual benefits (third pillar).
order to maintain the client’s standard of life.
Coverage for biometric risks
Straightforward risk insurance, no savings solutions
elipsLife is the only insurance company to offer compre
When it comes to insurance solutions, elipsLife focuses
hensive insurance solutions for biometric risks from a single
exclusively on pure risk insurance that can be adjusted in
source — insurance coverage for cases in which a person’s
line with the client’s life cycle. The range does not include
health suddenly or continuously declines, and a need for fi-
classic, combined or long-term savings solutions, which
nancing arises as a result.
makes elipsLife much less exposed to short- and long-term financial market risks.
Ober Gabelhorn (4,063 m), Valais, Switzerland
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The totalsolution approach is unique
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Insurance solutions from a single source The total-solution approach reduces the amount of coordination required and hence the costs incurred for the employer, resulting in lower overall costs and more sustainable premiums.
Tailor-made solution packages
State-of-the-art IT
Clients profit from a comprehensive analysis of their insur-
elipsLife is only able to practically implement its total-solution
ance situation in the short- and the long-term based on
approach because it is currently the only insurance company
country-specific social insurance systems. Because both the
in Europe with the IT capabilities to process all contract and
advice and the solution are offered from a single source,
claims data from a single source. This system consistency also
optimal coordination makes it possible to avoid any gaps in
offers the client a significant increase in efficiency — a true
coverage or over-insurance. And, because claims manage-
win-win situation.
ment is handled by a team with dedicated contact persons for all coverage, efficient and optimal claims processing is guaranteed. The total-solution approach, i.e. “all personal insurance from a single source”, offers significant benefits for the client in terms of advisory services, administration, benefit management and costs.
Illness/
Illness/accident
ts)
Lump-sum death benefit
ts)
Disability pension
Salary
Sudden death
Sudden
Grosshorn (3,754 m), Bernese Oberland, Switzerland
Disabili
Survivo
Continued payment of salary
Death
Lump-s
Second pillar (employee benefits) First pillar (state provisions)
Survivors’ pension
Retirement
Third pillar (individual benefits)
Pension payment
Time
Retirement
Death
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Low costs thanks to lean processes
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Fit for the future As a young company, elipsLife had the advantage of first being able to define its strategy and positioning. It was not until afterwards — based on these two pillars — that the company developed its processes and systems in a flexible and forward-looking way so that they will also meet the demands of tomorrow.
Focused comprehensive solutions
Scalable IT solutions
As a start-up, elipsLife was able to focus its activities right
The flexible IT solutions from elipsLife can be adapted at
from the beginning: on countries with similar social insurance
any time to suit country-specific social insurance systems.
systems, on the same distribution channels (B2B), on com
Sustainable and forward-looking IT solutions guarantee
prehensive solutions along the respective social insurance
low costs, smooth processes and optimal services. We take
systems, and on consistent technologies and processes.
a systematic approach to achieving these goals — for the benefit of our clients.
Processes consistently oriented towards client requirements elipsLife invests a great deal in being able to fully meet its clients’ needs, which is why its systems and processes offer the maximum amount of flexibility in the design of coverage solutions — and, thanks to optimal process consistency, ensure the practical implementation of the total-solution approach. The integrated IT platform allows for tailor-made comprehensive solutions across national borders, applications in every language and currency, as well as free data transfer within the specified guidelines. Benefits such as these make pooling solutions for expats, for example, straightforward, costeffective and fast.
Breithorn (3,780 m), Bernese Oberland, Switzerland
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Advantages at a glance elipsLife offers clients a wide range of advantages.
Solutions from a single source
Lean processes
elipsLife covers all biometric risks related to illness,
elipsLife has a unique integrated IT platform that allows
accident, disability and death from a single source. This
for maximum flexibility when it comes to coverage
makes it possible to avoid over-insurance and gaps in
solutions. And, because elipsLife can work across na
coverage. And, because coverage and processing are
tional borders in every currency, every language and
offered from a single source, this makes the insurance
for every country-specific social insurance system,
solution more individual, straightforward and transpar-
it is in a position to meet every possible client need.
ent — not to mention more cost-effective.
Tailor-made offers
Client-oriented service
elipsLife puts people first with flexible life insurance
elipsLife stands for country-specific solutions, uncom
solutions that are always oriented towards the specific
plicated service, dedicated contact persons and stream-
needs of the client. And, because the needs of com-
lined decision-making. And, because people make the
panies and their employees are constantly evolving,
difference, elipsLife also makes sure to employ service-
elipsLife offers innovative solutions that keep pace
oriented personnel who are able to find out-of-the-box
with these changes.
solutions and who represent the company’s values.
Cost efficiency
International expertise
elipsLife has a business model (target-operating model)
elipsLife relies on a team of specialists with many years
that can, in principle, be applied in any country. And,
of international experience in all areas of insurance. And,
because the cross-border IT system and efficient B2B
because Swiss Re is the sole shareholder of elipsLife,
sales network are particularly valuable when it comes
in our role as an independent subsidiary we can also rely
to keeping administration and marketing costs down,
on the financial strength and, if needed, the extensive
they make a significant contribution to the high level
know-how of our parent company.
of cost efficiency.
Mönch (4,107 m), Bernese Oberland, Switzerland
Image, front page: Matterhorn (4,478 m), Valais, Switzerland
Š elipsLife 2016
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elipsLife Landstrasse 40 9495 Triesen Liechtenstein T +423 239 95 55 F +423 239 95 54 contact@elipslife.com www.elipslife.com