Since the beginning of the 2019-2020 COVID-19 pandemic, a great wealth of information has been made available to the general public as well as to human resources professionals. GBV has no particular expertise in epidemiology, the treatment of people affected by COVID-19, or the socioeconomic impact of the pandemic, and therefore refrains from adding to the noise component of what is now on offer. Nevertheless, the editorial team here
Employee Benefits Propositions (EVP) are gaining in importance now that employers are more focused on offering a bespoke employee experience, and the Aon UK Benefits and Trends 2020 Survey shows that although the number of employers who have or are working towards an Employee Value Proposition remain similar (76%), there has been a significant increase in the number of employers who now communicate that EVP to staff. The survey shows
In the interest of fostering a more stable work environment for trans and non-binary workers, Lloyd’s of London in December 2019 published a guide for the insurance sector that helps managers understand how to make trans and non-binary employees feel included in the workplace. The proportion of colleagues who identify as trans or non-binary could rise from about 4% to as high as 20%, as younger people, many of
MAXIS Global Benefits Network announced in January 2020 the appointment of Damian Allepuz Lemmens to the role of Regional Manager, Western Europe. Lemmens is based in Paris, and reports to David Schupak, Regional Director for Western Europe, the Middle East, and Africa. Lemmens leads a team of four employee benefits experts who work with MAXIS GBN’s strategic partners (brokers, consultants, and local member insurers) to develop employee benefits solutions
A team of Israeli scientists in December 2019 announced it had discovered a new treatment that reduces pancreatic cancer cells in mice by up to 90%. The survival rate for pancreatic cancer is fewer than 5 years, and current options for treatment require chemotherapy, which stops cell division in the whole body. This affects the whole body as there is no discriminatory targeting – causing, for example, hair loss,
The size of the global international private medical insurance (iPMI) market will reach an estimated US$17bn (£12.7bn) by the end of 2020, according to iPMI advisers from the McGrigor Group. McGrigor’s research reveals that Cigna in particular is number one in global iPMI, ever since its acquisition of Vanbreda in 2012, and advisers see the big regional winners as Sub Saharan Africa and South-East Asia. They noted that countries
New York Life Insurance and Cigna in December 2019 reached a deal for New York Life to acquire Cigna’s group life and disability insurance business for US$6.3 billion. The acquisition is expected to close in the third quarter of 2020, subject to applicable regulatory approvals and other customary closing conditions. The group life and disability insurance business will operate within New York Life’s portfolio of strategic businesses and support
Aon in January 2020 announced the completion of its acquisition of SMB insurtech broker CoverWallet. Aon aims to increase its presence in the rapidly growing commercial insurance market for smaller businesses. The acquisition will allow Aon to utilise CoverWallet’s technology and data & analytics capabilities. CoverWallet joins the portfolio of Aon’s New Ventures Group, which functions as a growth-stage capability focused on delivering new sources of value to clients
With the implementation of the EU’s IORP II Directive, Aon in December 2019 announced it would stop offering its United Pensions solution for cross border pension solutions. Aon Retirement and Investment, Netherlands, CEO, Frank Driessen, explained that while existing Dutch United Pension clients will not be affected, there is a great deal of uncertainty and mistrust around cross-border pension transfers. What has been a thorn in the side of
Sean Genden has been named Head of International Insurance at Hartford, Connecticut, USA-based investment and insurance company The Hartford. Prior to this he was with Travelers for 28 years in roles such as International Business Insurance Segment Leader. Previously, he served as Chief Executive Officer, Europe and earlier as Chief Operating Officer for Travelers Europe. In an executive capacity he served as an Executive Board Member of both Travelers
Danilo Lima in February 2019 founded and now leads employee benefits consulting firm 360 Beneficios, located in Sao Paolo, Brazil. 360 Benefícios is an HR Tech firm that focuses on employee benefits integration in Brazil; its software and services simplify selecting, implementing, and managing corporate benefits. Prior to 360 Beneficios, Danilo was a Business Manager with startup acceleration program InovAtiva Brazil and with Aliança Empreendedora (Entrepreneurial Alliance); a Regional
The International Accounting Standards Board (IASB) in December 2019 adopted changes to the IFRS 17 exposure draft supported by the insurance industry, and has decided to delay discussions about extending the new standards’ effective date beyond the current 2022 deadline. IFRS 17, issued in May 2017, is the first truly international accounting standard for insurance contracts. It addresses the many inadequacies of local rules in accounting for such contracts.
Due to the coronavirus / COVID-19 outbreak, the International Employee Benefits Association (IEBA) postponed its 2020 International Conference from March to September, 2020. The event had been slated to take place on March 11-12, 2020 in Brussels, Belgium. IEBA announced on March 5 that the conference will be held on September 22 and 23, 2020. The venue remains the same: The Hotel in Brussels, Belgium.
One year after having announced, then cancelled plans to merge with Willis Towers Watson (WTW), Aon in March 2020 announced an agreement to acquire WTW in what will be the industry’s largest ever merger. The purchase price is $30bn, paid in Aon shares, and the combined firm is valued at around $80b. Regulatory requirements may make a comprehensive takeover of WTW by Aon difficult, given that Aon and WTW
Due to the coronavirus / COVID-19 outbreak, the Captive Insurance Companies Association (CICA) cancelled its 2020 International Conference. The event had been slated to take place on March 8-10, 2020 in California, USA. No new date has been announced at the time of publication.
The Economist Intelligence Unit (EIU) in February 2020 released its list of the top five risks to the global economy in 2020: The likelihood of at least one of these five possible events occurring in 2020 is … 69%. The EIU report can be downloaded from this page (contact information required). The company is the research and analysis division of The Economist Group, the sister company to The
The Captive Insurance Companies Association (CICA) 2020 International Conference will take place on March 8-10, 2020, at the Westin Mission Hills Golf Resort and Spa in Rancho Mirage, California. The conference theme in 2020 is “Building on the Best”. The CICA conference explores new uses of captives, how to engage new talent, and outlines best practices. A Professional Development Track provides training for captive and risk management professionals. Conference
The European Association of Paritarian Institutions (AEIP) in February 2020 announced the appointment of Alexandra Kaydzhiyska to the newly created position of Executive Director, based in Brussels, Belgium. Alexandra previously was AEIP’s Permanent Representative and Team Lead, in charge of developing AEIP; leading the Brussels-based team; and relations with European institutions & partners. Earlier in her career, she was Policy Advisor for Financial & Economic Affairs with AEIP; Policy
The European Association of Paritarian Institutions (AEIP) announces the 12th edition of the Transatlantic & World Pension Alliance Conference. The event will take place from 27 to 29 May 2020 in Brussels, Belgium. Moderated by GBV magazine, the conference is organized by AEIP in cooperation with the U.S. National Coordinating Committee for Multiemployer Plans (NCCMP), the Multi-employer Benefit Plan Council of Canada (MEBCO), and the World Pension Alliance, currently
U.S. broker Alliant in February 2020 announced the appointment of Philippe de Dreuzy to head up its global benefits practice as Senior Vice President and Global Practice Leader. He will be based near San Francisco, California. With headquarters in Newport Beach, California, Alliant Insurance Services provides property and casualty, workers’ compensation, employee benefits, underwriting, surety, and financial products and services to clients in the U.S. Over his 25-year career
The International Foundation of Employee Benefit Plans (IFEBP) in May 2020 organizes the first edition of its new CONNECT Global Benefits Summit. A non-profit association, IFEBP has 8,200 organizations and 32,000 individuals as members; 87% are based in the U.S. and 13% in Canada. IFEBP operates out of Brookfield, Wisconsin (USA). The inaugural event is designed for experienced multinational benefit professionals. This dynamic event will feature expert-led sessions and
Global benefits, HR and mobility professionals: Have you registered for IBIS Academy 2020? 48 hours left for early registration pricing! Register today for the IBIS Academy 2020: Intersections. Learn more at ajg.com/ibisacademy or register today http://www.cvent.com/d/ghqnp4 or fill the form below for your Registration Package. . #IBISAcademy2020 #gallagherbetterworks #gallagher IBIS Academy 2020: Intersections – Registration Package Request
Nathalia Luna since January 2020 assumes the role of Global Benefits Actuary at Allianz Global Benefits. In this new position she steers all actuarial tasks related to the technical development and implementation of Allianz Global Benefit’s proposition. Based in Stuttgart, she reports to François Jacquemin, Head of Products & Solutions. Nathalia Luna joins us from the International Development Life department of Allianz Lebensversicherungs-AG in Germany where she has been
Brazilian insurance carrier SulAmerica in January 2020 joined Generali Employee Benefits (GEB) as a new partner for health and related coverage. Generali Brazil continues to provide life, accident, and disability coverage in Brazil for GEB clients.
OECD’s new report, Pension Markets in Focus 2019, shows that despite a decline of pension assets in the OECD area and internationally in 2017/18, over the last decade, however, pension assets have increased in nominal terms in almost all reporting countries. This can be attributed to an increase in the proportion of working-age coverage, which was strong in countries such as Israel, Latvia, Bulgaria, Colombia, North Macedonia, and New
Dan Bensadoun MD has been appointed Partner and Doctor at Paris Prevention. He previously was CEO and Founder of telemedicine services firm TALIE.DB Consulting, and Co-founder and Medical Director of MY-MEDICAL-DIRECTOR. He spent 14 years at General Electric Corporate where from 2003-2017 he was EMEA Medical Director in charge of healthcare initiatives, and earlier Europe, Middle East, and Africa Medical Director. He was in charge of 40+ GE clinics
Aetna’s new report, The Business of health 2020 – Tackling polarised perceptions of corporate health and wellness, looks at how technology can positively impact employee mental ill health and lifestyle-related health conditions in an increasingly blurred work-life balance in the workplace. The report was published in January 2020. With wellbeing now being broader in scope than previously understood, it has come to include physical and emotional health, financial security, social