Multinational pooling enables organizations to consolidate the experience of their employee benefits plans across countries, while maintaining full local autonomy.
Local contracts remain unchanged, including benefits, nderwriting, pricing, and insurer relationships. At the same time, results are aggregated at a global level through second-stage accounting.
When the overall experience is positive, an experience refund may be generated, reducing the total cost of employee benefits without requiring changes to local plans. This allows organizations to benefit from their global scale while preserving the integrity and flexibility of local arrangements.
How Multinational Pooling can add value:
- Improved oversight and governance of local employee benefits plans.
- Opportunity to receive an international pooling rebate if the overall performance of the pool is positive
- Detailed International Experience Reports (IERs) providing comprehensive financial data for all policies included in the pool
- Potential for greater stability in plan costs over a period of time
Additional layer of service support for both local employees and corporate