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International Pooling . Concept & Example. Benefits Direction, Inc. 25 Brunnell Drive, Suite 101 Holden, MA 01520 Tel/Fax: 508-829-6715 Email: [email protected] International Pooling. Background and Concept Example Corporate and local perspectives Pro’s summarized Provider networks

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International Pooling

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International pooling l.jpg

International Pooling

Concept & Example

Benefits Direction, Inc.25 Brunnell Drive, Suite 101Holden, MA 01520Tel/Fax: 508-829-6715Email: [email protected]


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International Pooling

  • Background and Concept

  • Example

  • Corporate and local perspectives

  • Pro’s summarized

  • Provider networks

  • Natural pools (the easy way)


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Pooling - Background & Concept

  • Mid-60’s

  • Buyer: Leveraged/combined purchase power

  • Seller: low acquisition expense, good retention and lower risk (give some; get some and hold longer)

  • Cross experience rating (risk coverage’s)

  • Stop loss and loss carried forward

  • Common practice at most large multinationals

  • Emerging multinationals adopting practice


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Pooling - Example (one country)


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Pooling - Example (1 w/pooling)


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Pooling - Example (add 2nd country)


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Pooling - Example (add 3rd country)


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Pooling - Example Total


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Pooling - Example (with negative)


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Pooling Networks

  • Swiss Life, MIA, Insurope, AIG/Winterthur, John Hancock IGP, GAIN, Aetna/Generali etc.

  • Owned subs or associate insurers

  • Some local insurers in 1+

  • Formal agreements re: size related retentions (risk and profit charges)

  • Most countries allow international pooling

  • Small (multi-employer) pool participation available for emerging multinationals - most networks


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Natural Pools

  • Where already utilizing insurers within one pool

  • Networks stiffening requirements

  • Easy way to start

  • Serves as core for additions to the pool usually at renewal time

  • Can have more than one pool

  • Included coverage’s needs evaluation - not all risk should be pooled (e.g. STD, AD&D etc.)


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Pooling - Summary

  • Leading local insurance companies

  • Lowers net benefits costs

  • Losses can be carried forward or minimized with stop/loss

  • Improves local provisions e.g. guarantee issue, maximums etc.

  • Less profit for insurers

  • Improves operational bottom line

  • Improved information flow

  • “Win/Win/Win/Win” situation (Hdqts, local ops, insurers and employees)


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