Reduce your employee benefits expenditure with Multinational Pooling

In the current challenging business environment, it is important to exploit all opportunities that help you to contain your employee benefit expenditure. For multinational organisations it is possible to obtain a profit share on your insured employee benefits expenditure. It relies on the policies being arranged with insurers in the same network but there are currently nine networks to choose from, dependent upon your requirements.

There are an estimated 2,300 Multinational Pools in existence, with a track record going back 50 years for the earliest ones established. Worldwide, an estimated £2.9billion p.a. of insurance premiums participate in these pools and generate a profit share (dividend) based on premiums, claims and other deductions applicable to the pools.

For example, one of the Multinational Pools we established for a client generated pooling dividends (profit share payments) of £80,000 over a two year period. The profit share was generated from insurance policies in five countries with total annual premiums of approximately £400k.

Breaking news

The Zurich Multinational Pooling network has recently added Bupa to their network, enabling their UK Group Life and Group Income Protection contracts to participate in Zurich Multinational Pools for the first time.

The majority of UK insurers participate in a pooling network, so if you have insured employee benefits programmes in two or more countries, it is likely that a Multinational Pool will be beneficial for your organisation.

Please contact your usual Buck consultant if you would like further information on Multinational Pooling.

THE INFORMATION CONTAINED IN THIS DOCUMENT IS OF A GENERAL NATURE ONLY AND SHOULD NOT BE RELIED UPON AS ADVICE IN ANY SPECIFIC SITUATION

For further information, please telephone your usual contact at Buck Consultants (Healthcare):

Tel: +44 (0)118 955 7700
Fax: +44 (0)118 955 7701
Email: healthcare@buckconsultants.com
Web: www.buckconsultants.co.uk
Pinnacle, 20 Tudor Road, Reading. Berkshire RG1 1NH

Buck Consultants (Healthcare) Limited is authorised and regulated by the Financial Services Authority