According to AON’s 2023 Global Medical Rate Trends Report, employers can expect to see their insurance costs double within a few years due to high medical inflation globally – the global average for 2023 is expected to be 9.2% (up from 7.4% in 2022).1
When you combine this with increasing demand from employees for more and better benefits, the ongoing war for talent and rising general inflation, employers are re-thinking the employee benefits (EB), they offer and how they offer them.
One of the growing trends is the use of global EB programmes like multinational pooling and captives.
We’re partnering with MetLife UK to discuss this fascinating topic and much more at REBA’s (Reward & Employee Benefits Association) Future of Workplace Health & Protection Summit. Our Chief Underwriting Officer, Nicola Fordham, will be speaking alongside Nick Pemberton, Head of Strategic Partnerships at MetLife UK, sharing their global EB experience in the workshop, ‘Using Multinational Pooling or Captives for cost efficiency and better control of risks’.
They will share:
how global EB programmes like multinational pooling, captives and global underwriting work
the five signs that multinationals are ready to start a global EB programme for their organisation
how to use your global and local claims data to tailor your EB plan design and wellness initiatives to meet the needs of employees.
The workshop will take place on Wednesday 6 March at 12.10pm at Royal Society of Arts (RSA) House in London.
This is an invitation-only event, if you’d like to find out more, take a look at the REBA event website.
1Silva. Rui. AON, Global Medical Trend Rates Report, https://www.aon.com/insights/reports/2022/global-medical-trend-rates-report, (Sourced: February 2024)