It`s a win-win situation. Participation is simple. To help you set up and expand your pool – and the benefits you will derive from it – we are happy to organize offers on your local performance plans that are not currently placed in the pool networks. Insurope`s pooling period is from January 1 to December 31; this does not affect local renewal dates, which may remain as set. Once the international agreement is in effect, an insurer measures the overall claims experience of any poolable local service contract included in your pool, rebalancing revenue against expenses. The use of pooling multinationally for large and small businesses has several advantages. This includes: We are UK members of the multinational allianz global pooling network, which allows international employers to benefit from a pooling agreement. Choosing the right pool depends on a number of factors, including the size and composition of the pool in combination with your company`s risk profile. We offer a full range of pooling systems to ensure that multinationals of all sizes can benefit from pooling. Allianz Global Benefits offers different solutions for employers of different sizes. These could help to limit or stop pool losses on future multinational accounts. One of the main advantages of multinational pooling is that it allows profit sharing based on the pool`s overall risk experience, which promotes greater economies of scale, which are exploited by a centralized reinsurance and accounting system.
The types of insurance that may be suitable for “pooling” are generally group risk agreements, including accident, death, long-term disability, medical and critical illnesses, and pooling has no negative effect on local insurance conditions that apply through our network members. Local plans and their management remain unchanged and premiums and receivables are paid on-site in the same way as they would be if there were no pool. There is no additional administration for local businesses and/or their advisors. Multinational pooling, which is usually done through a global insurance network, returns the excess premiums above the sum of the receivables plus expenses plus the cost of risk. It also relies on the risk-taking conditions contained in the pool. This will result in substantial savings on the cost of insured benefits.