Actively managed multinational pooling, global underwriting and captive financing approaches can yield significant financial savings opportunities. They can also support broader HR initiatives and, ultimately, bring more value to employees.
Effective execution of a global financing strategy for employee benefits is critical to its success. A key component of execution hinges on establishing the right multinational insurers to partner with to best meet the needs of your business, at both HQ and local levels. As your business considers its approach to execution, it will also be important to ensure the right framework is in place around the insurers to enable each insurer to best support the delivery of your employee benefits around the world.
Key developments seen among the global benefits networks during 2022 included the following:
For each country, the matrix lists insurers that can provide locally admitted policies and products and shows coverages that are poolable for each insurer in brackets, e.g. life, accident, disability, medical and pension.
Global insurance networks are an element of the global operating model for these multinational companies. Active management is critical to the success of executing these strategies, and this matrix provides market intelligence to help companies understand the capabilities of the global insurance networks.
As you set your priorities for 2023, if you would like to understand how WTW can bring value to you in this area, please do reach out to one of the contacts listed below, or to your usual WTW consultant.
|2023 Global benefits financing matrix and poolable coverages