Insurope has over 50 years of experience in helping multinational companies coordinate their global benefit plans through Multinational Pooling programs. Insurope is the market leader of global risk solutions for employee benefits, and we offer a wide range of products tailored to our client's needs, sizes, and risk profiles.
Multinational pooling is a well‐established mechanism used by multinational companies as a vehicle to offer employee benefits cost-effectively.
With Insurope’s support, the local insurers that form the Insurope Network consolidate the results of their employee benefit plans - life, disability, medical, and retirement within the pool's framework. Premiums are paid by the subsidiaries to the Network Members that manage the local plans – including underwriting, contractual terms and conditions, claims handling, etc.
At the end of each year, the Network Members submit the results of their local insurance plans to Insurope. With this data, an annual report is prepared to detail the premiums paid by the subsidiaries, claims, reserves, and expenses.
If there is a surplus, the company can receive a multinational dividend. Similarly, any deficit that results will be treated in accordance with the terms for the pooling system.
Another important advantage of multinational pooling is the Free Cover Limits. Thanks to these are high levels of insurance cover, the Network Members can insure without the need for employees to provide medical evidence.
We offer a variety of multinational pooling systems which ensure a flexible solution for the global risk financing of a multinational’s worldwide employee benefits. Our main products are:
For multinational companies with less than 1,500 lives included in the Insurope pool, and less than EUR 400,000 annual risk premium for life and disability.
For multinational companies with more than 1,500 lives included in the Insurope pool, and an annual risk premium for life and disability of over EUR 400,000.
The Insurope Global Pricing Program combines many of the benefits of multinational pooling to achieve predictable terms and conditions through a longer-term commitment. The employee benefit plans are priced and underwritten locally, but the terms and conditions are considered based on a global approach. Insurope will coordinate the global agreement, while the employee benefits are insured locally with the Insurope Network Members.
Insurope’s Network Members are leading local insurers occupying a top position in their local market. Carefully selected for their financial strength and proven proficiency in group employee benefit solutions, more than 50% of the Network Members have been with Insurope for 20 years or longer.
We provide companies using our stand-alone pool solution with an online customer relationship management (CRM) portal. The portal includes key documents such as annual reports, correspondence with Insurope, the pooling agreement, appendices, etc.
Each multinational company has a dedicated Insurope pool account management team which ensures seamless access to the regional and local Insurope contacts and the local experts at our Insurope Network Members.
Multinational companies enjoy favourable terms and conditions with the Insurope Network Members.
Global free cover limits: high levels of Insurance cover provided by the Network Members without the employees needing to provide medical evidence.
Global rating limits: also called pooling limits, protect the pool against high individual claims by capping the claim amount charged to the pool. Our rating limits are equal to our free cover limits.
Administration charge: local administration charges for life, disability, and retirement pooled plans are set according to Insurope’s worldwide scale, which means they are consistent and transparent.
Multinational pooling allows companies to manage the risk of their employee benefit plans around the world. The different local employee benefit plans of a multinational company are combined to form a multinational pool. One of the advantages of pooling is the potential for financial savings in the form of multinational dividend.
Most of the Insurope pooling solutions have generated international dividends to the clients because of favorable claims experience. The dividend will depend on several factors, such as the type of pooling solution, risk tolerance, and client-specific data.
Insurope allows for pooling to start with one country, provided that the plan is a group poolable contract that covers at least one of the following benefits: death, disability, or retirement. The plan enjoys potential dividends and Free Cover Limits, and the company has up to three years to add a second country to the pool.
Our service approach allows each multinational company to have seamless access to the regional and local Insurope contacts, as well as the local experts from our Insurope Network Members.
Insurope is responsible for the overall management of the multinational pooling program.
The local Insurope Network Members provide services to the local subsidiary and are responsible for the underwriting, contractual terms and conditions, claims handling, etc.