FREDERIK VAN DEN EEDE

Frederik Van Den Eede started in Generali Employee Benefits (GEB) Network as an account executive in 2014, working on the relationship management for globally coordinated clients—including captives. After some time he became responsible for the Belgian, Dutch and Luxembourgish markets—to which France was added after some time.

During the transition of GEB to Luxembourg Van Den Eede became responsible for the client services department—which prepares, controls, and validates the quarterly bordereaux for captives. Since 2022 he has held his current role.

Ven Den Eede was described as having had an outstanding career path since he started working with captives, with many well-deserved promotions and market recognition in less than 10 years. He was said to have been instrumental in creating Lux4captives, the recently launched community of captive owners and managers in Luxembourg, and he pioneered the disability annuities reporting dashboard.

Here Van Den Eede explains why more needs to be done to attract new recruits, what needs to be done in terms of innovation and his hopes for the future.

Do you feel that the captive insurance industry is a rewarding sector to work in?

Specifically employee benefits, which is the part that I focus on, is considered as a “people business” and nothing could be truer. Throughout the years I have met some amazing and talented people in this industry, which make it a very rewarding sector to work in.

Would you recommend the captive insurance industry to young people as a future career path?

It is unlikely that many people have the captive insurance industry on their list in terms of career path. Most of the people I meet have stumbled into it, stayed out of interest, and developed a passion for the sector. More could be done to create awareness to young people, and I would certainly recommend anybody with an interest in finance or insurance to explore this possibility.

How do you feel that the captive insurance industry will evolve?

The insurance industry as a whole and the captives segment as a part of that, still has a long way to go in terms of innovation. Data accuracy, granularity and frequency are top of mind for most captive owners, but innovations and improvements in this area remain slow. This is most likely where the biggest innovations will take place over the next years.

In terms of relevance, the captive industry is profiling itself outside of the realm of economies of scale and financial optimisations. Strategies on diversity and inclusion or sustainability are actively being supported using a captive—which is a great development to see.

Do you think that your long-term future remains in the captive insurance industry?

Nobody can predict what the future holds, but a fair risk-based assessment would suggest so!