New blessings for our daughter

When it rains, it pours. I would say this applies to my daughter who got a new job offer. She is not expecting this new opportunity to happen but she is truly thankful and excited.

This was N’ office corner during her 2nd internship.

N is young and exploring new things to improve her craft as graphic designer. She consider this new job as one of the opportunities that would certainly take her career to a new level.

N is elated that other people or company believes in her ability.  She is also looking forward to join the agency because this will give her the chance to reunite with her college friends who happen to be working in the same office. Good luck, baby girl.   

Here’s a link to some of her works, please check out: www.behance.net/naomitorrecampo

Spotted!

Got this screen grab from N. Her friend who also attended the ICON Manila 2017 event sent it to her. I think this was taken during the event’s live coverage(?).

N (the one in circle) with other participants were queuing up to request for autographs of speakers and resource persons.

The Icon Manila 2017 was held at the College of St. Benilde in Manila.

N said she had a great time listening and learning from the experts as they share their expertise during the two-day event. The tickets maybe costly but it’s all worth it. Besides the proceeds will go to worthy causes such as humanitarian and medical missions being supported by Icon Manila and St. Benilde.

By the way, the person in the video is Goro Fujita, one of the event’s speaker. He is a visual development artist at DreamWorks Animation who worked on Merry Madagascar, Megamind, and The Boss Baby to name a few.

4 Financial Benefits of Captives

Captive insurance companies are created and controlled by the businesses they insure. This self-insurance is used to mitigate risks that cannot be or are difficult to insure, including product liability, litigation fees and malpractice. Any of the claims made against these businesses for their covered risks are paid by the captive, protecting corporate assets.

Tax Benefits

Captive insurance, including group captive insurance, has several tax benefits. For example, company premiums are not considered taxable income for the captive, but it is also a tax-deductible expense for the parent company. In addition, as the captive’s assets increase, they can be distributed to the company’s owners as dividends, which have a significantly lower tax rate than income.

Cost Reduction

Not only do companies accumulate (and protect) assets through captives, but they also reduce their costs. They have reduced operating and administrative costs for the captive. In addition, companies are able to tailor their coverage, so they are not paying for coverage they do not need. They determine their deductibles and incentives for loss control. Finally, they gain access to the reinsurance markets, which would have been unavailable without the creation of the captive.

Risk Reduction

Not only do captives provide policies that protect the company, but the underwriting process identifies corporate risks and their probabilities. This allows companies to create new processes that improve safety and reduce risk. As businesses focus on risk management, they reduce their premiums. This focus may then spread to other areas of the business, improving safety and risk  throughout the entire company.  

New Income Stream

Because captives are businesses, any company that starts a captive is actually starting a new business and entering a new industry. This process distributes corporate risk among industries. In addition, as they grow, captives can become full insurance companies, offering insurance services to clients outside the parent company and creating a new revenue stream.

Because of the capital investment requirement of captives, consider researching all your captive options prior to investing.