We’re pleased to share that we will be enhancing our Global Pool Solution. Our updated solution, designed to support multinational employers at every stage of their pooling journey, includes a multi-employer pool (MEP) methodology, complementing our single-employer pool (SEP) offering.
Under this new model, smaller MAXIS pool programmes will become part of the MEP, transitioning to a SEP if their pool grows. The MEP approach helps reduce the volatility of smaller pool programmes and make the experience more predictable for multinationals looking to manage employee benefits (EB) via a pool.
Nicola Fordham, Chief Solutions Officer at MAXIS GBN, said: “We’re delighted to be offering multi-employer pool as part of MAXIS Global Pool Solution. Pooling has been an important part of the global EB landscape for over 50 years and I’m pleased that our enhanced pool solution makes this a viable option for more employers to manage their EB risks.
“Volatility can be a key issue for smaller pool programmes, making it hard to recover the programme after a loss. By introducing a MEP methodology, we can improve the experience for pools with a smaller premium, reduce volatility of the programme and minimise the impact of any losses.
“The addition of MEP helps make our pooling portfolio more robust, meaning we can continue to service our multinational clients to the highest standard and provide a solution that really suits them.”
MAXIS GBN works in partnership with over 300 multinational clients to deliver market-leading employee benefits risk management services and solutions. MAXIS GBN’s network of local insurers work in over 100 markets globally, covering nearly seven million employees worldwide.
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Kate Ross / Nick Spearing
MAXIS Global Benefits Network – pr.comms@maxis-gbn.com
This document has been prepared by MAXIS GBN S.A.S. and is for informational purposes only – it does not constitute advice. MAXIS GBN S.A.S. has made every effort to ensure that the information contained in this document has been obtained from reliable sources but cannot guarantee accuracy or completeness. The information contained in this document may be subject to change at any time without notice. Any reliance you place on this information is therefore strictly at your own risk.
Not all services are available from all MAXIS member insurance companies or to all clients. The services are subject to local market practices, and compliance with all applicable legal and regulatory requirements.
About MAXIS GBN
MAXIS Global Benefits Network (MAXIS GBN), co-founded by MetLife and AXA in 1998 is one of the leading international employee benefits networks providing global service capabilities and delivering world-class employee benefits perspectives and solutions to clients in over 100 markets around the world. In February 2016, MetLife and AXA further strengthened their relationship by combining all of its MAXIS GBN existing operations under a joint venture company. This transformation helps leverage the existing strength of the network and its two parent companies while further enhancing the client experience, focusing on product innovation and providing data analytics. For more information, please visit www.maxis-gbn.com.
The MAXIS Global Benefits Network (“Network”) is a network of locally licensed MAXIS member insurance companies (“Members”) founded by AXA France Vie, Paris, France (“AXA”) and Metropolitan Life Insurance Company, New York, NY (“MLIC”). MAXIS GBN S.A.S, a Private Limited Company with a share capital of €4,650,000, registered with ORIAS under number 16000513, and with its registered office at 313, Terrasses de l’Arche – 92727 Nanterre Cedex, France, is an insurance and reinsurance intermediary that promotes the Network. MAXIS GBN S.A.S is jointly owned by affiliates of AXA and MLIC and does not issue policies or provide insurance; such activities are carried out by the Members. MAXIS GBN S.A.S operates in the UK through its UK establishment with its registered address at 1st Floor, The Monument Building, 11 Monument Street, London EC3R 8AF, Establishment Number BR018216 and in other European countries on a services basis. MAXIS GBN S.A.S operates in the U.S. through MAXIS Insurance Brokerage Services, Inc., with its registered office located in New York, USA, a New York licensed insurance broker. MLIC and Delaware American Life Insurance Company are the only Members licensed to transact insurance business in New York. The other Members are not licensed or authorised to do business in New York and the policies and contracts they issue have not been approved by the New York Superintendent of Financial Services, are not protected by the New York state guaranty fund, and are not subject to all of the laws of New York.