In the January 2019 issue Contingency Planning for a Hard Brexit Scenario – Ian Cooper, Jon Green Chris Burns on Insurtech – Interview Benefits in Germany: An Overview and Case Study – Anika Ort, Philipp Dienstbühl E.U. Pensions: The New IORP II Directive, Issues, Impacts and New Requirements – Amin Rajan Vaccines Have Health Effects Beyond Protecting Against Target Diseases – Christine Stabell Benn Lockton 2018 Forum Report Marco

In the January 2019 issue Contingency Planning for a Hard Brexit Scenario – Ian Cooper, Jon Green Chris Burns on Insurtech – Interview Benefits in Germany: An Overview and Case Study – Anika Ort, Philipp Dienstbühl E.U. Pensions: The New IORP II Directive, Issues, Impacts and New Requirements – Amin Rajan Vaccines Have Health Effects Beyond Protecting Against Target Diseases – Christine Stabell Benn Lockton 2018 Forum Report Marco Giacomelli on Insurtech – Interview

The tax division of global consultancy Deloitte in May 2020 published an analysis of permanent establishment and corporate residency issues in the context of the COVID-19 crisis. In a nutshell, employees stranded in a foreign country and performing remote work from there could unwittingly create a “permanent establishment” and/or a de-facto “corporate presence” in that country, which in turn would trigger tax consequences, potentially making their employer liable for

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More than fifteen years ago, the first IORP Directive (Directive 2003/41/EC of the European parliament and of the Council of 3 June 2003 on the activities and supervision of institutions for occupational retirement provision) created a legal framework to support retirement services across Europe and protect members and beneficiaries. Since then, the financial crisis and other economical, demographical and social factors completely changed the conditions in Europe for retirement plans. The IORP II Directive (Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 December 2016 on the activities and supervision of institutions for occupational retirement provision) is freshly conceived to respond to current conditions and better serve members.

Introduction: Navigating the Complex Landscape of Workforce Health The MAXIS GBN 2024 report illuminates the multifaceted influences of industry, culture, and gender on workforce health. Drawing from an extensive analysis of medical claims data, it reveals critical insights into how these elements shape health outcomes and healthcare costs. Industry Influence on Health: A Closer Look Musculoskeletal (MSK) conditions emerge as a predominant concern, with spending on MSK care witnessing

Introduction In the complex domain of health insurance, adverse selection persistently surfaces as a critical issue, influencing pricing and product allocation among consumers. The research paper, “The Incidence of Adverse Selection: Theory and Evidence from Health Insurance Choices,” authored by Michael Geruso, Timothy Layton, and Adam Leive, meticulously explores the multifaceted implications of adverse selection, particularly its impact on pricing and product allocation among consumers, and its distributional consequences.

Antimicrobial resistance (AMR) poses a significant global threat, driven primarily by the misuse of antibiotics. This issue is explored in-depth in an OECD report, which reveals critical insights and potential consequences of unchecked AMR. Key Points: Global Antibiotic Consumption: Over the past two decades, the use of antibiotics in humans has moderately increased in OECD and EU/EEA countries but significantly surged in non-OECD G20 nations. Notably, the consumption of

Employee benefits management software provider Benify, together with global public opinion and data company YouGov, in early 2022 conducted a survey of more than 39,000 employees throughout Europe about their views on the future of work. Participants were asked to answer a series of questions about their employee benefits, their current work conditions, what they want most from their employer, and what they consider most important when choosing a

What is a “great” workplace? Many might believe that organizations offering the best benefits, such as healthcare and free meals, automatically create the best office environments, but that’s not necessarily true. Whereas things like complimentary food and comprehensive healthcare are important to overall workforce health and happiness, they alone do not determine whether a workplace is objectively “great.”

The role of compensation and benefits manager in charge of a company’s pension plan has always required multiple skills. Not only must you know about the pension scheme itself, you also must be an honorary actuary and an expert in finance, accountancy, and tax.

Modern businesses understand that when they recognise their employees, business performance improves. Recognition is one of the most basic ways to strengthen the employer-employee relationship, but many companies only recognise employees in an ad hoc way. Recognising employees in a consistent, frequent and meaningful way ultimately boosts both productivity and the bottom line.

In February this year, we launched our discussion paper “2045: the future of work – the changing face of employee benefits” looking at how employee benefits (EB) may change over the next 25 years, based on the trends we were seeing in the industry and the world of work. Just a few months on, the changes that we suggested might take decades are already happening because of the COVID-19 pandemic. The rate of change happening in the global EB industry, such as the delivery of digital benefits solutions and virtual healthcare provision, has accelerated beyond anything that could have been predicted at the start of the year.

During the week of 11-15 May 2020, global benefits, HR, and mobility professionals took part in one of the most prestigious and longest-running – now virtual – international HR conferences in the world.

On GEB’s Response To Covid-19 And The Steps Being Undertaken To Ensure Cover For All

There is no doubt about it, Global mobility is complex, however with the right help and support, mobile benefit plans do not need to be. Pasquale Gorrasi, Director – International Lines, GEB, talks about why the GEB Network’s new and innovative ‘Best Compliant Model’ offers the benefits consistency that Mobility Managers need.

There are excellent opportunities to improve the financing of insurable Employee Benefits (EB) globally and tangible initiatives to support local subsidiaries and their employees with the execution of a global EB strategy. In this article you will find an updated comparative analysis of the most common global EB solutions (traditional EB Pooling, alternative risk financing with EB Captive solutions and the innovative concept of Global Underwriting (GUW) for EB insurance), a more detailed view on GUW and EB Captive as well as two case studies to show how global EB solutions can support the execution of global EB strategies in practice. This article assumes some familiarity with financing EB globally and therefore does not focus on traditional EB Pooling but is concentrating on the more advanced solutions EB Captive and GUW instead.

Many people will be familiar with electroconvulsive therapy (ECT) as a historical treatment for “mental illness”, in which an electrical current is passed through the brain to trigger seizures, with the aim of somehow treating the illness. In fact, ECT is still being administered to about a million people each year to treat severe depression, including about 2,500 in England, under anaesthetic. The majority are women, and over 60 years of age.

Taking a holistic view in managing their global employee benefit programs is the chosen way forward for an increasing number of multinationals that want a better overview and cost control of these programs. Many companies find that outsourcing the day-to-day handling and reporting of the insured benefits to local experts coordinated by a central team with one of the global consulting / brokerage firms is the preferred approach.

As we are reaching near global consensus that business needs to resume, and countries ease lockdown, Global Benefits Vision explores the possibility of a link between COVID-19 and CFS/ME, highlighted by BM Systems of France led by Francois Iris and Manuel Gea, and how employers and insurers can prepare for such an outcome from an employee wellbeing perspective.

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.

Bernie Sanders, who’s currently in the race for the Democrats’ Presidential nomination, pledged to deliver “an economy that works for all, not just the very wealthy.” On the other side of the political spectrum, and across the Atlantic, former UK Prime Minister Theresa May gave a maiden speech that promised to create “a country that works not for a privileged few, but for every one of us”.

On Allianz Global Benefits’ 5th anniversary, Dirk Hellmuth, CEO and Cyril Samson, Managing Director, take stock, review the achievements and successes and speak about where they want to be in five years’ time.

Latest figures from the Office for National Statistics show that a record 32.54 million people are in work in the UK¹; a statistic that looks fantastic on the surface and one that many will celebrate, particularly from a political standpoint. However, mental health issues in the workplace and presenteeism because of mental health is also at an all-time high, with 22% of employees going into work in 2018 despite feeling mentally un-well – up from 18% in 2016². It is possible that there is a correlation between an increasing workforce and an increase in workplace mental health issues; but there are numerous confounding influencing variables which pose a challenge for companies.

GBV’s Editor, Eric Muller-Borle, interviews Leslie Lemenager, President, International for Gallagher’s Employee Benefits Reward, Communication and Wealth Division, and LeAnne Stefl, Practice Leader, Multinational Benefits & Human Resources Consulting, on the company’s global mobility and consulting strategy, employee benefits and wellbeing and several other topics, including: How they are tackling the growing importance of employee wellbeing through the long-term value proposition of holistic employee benefits components. How Gallagher’s knowledge-based approach (IBIS Academy and Institute, Center of Excellence, and GVISOR) is gauging market needs and strategic shifts on a global level. How its “Three areas of wellbeing” are the future of employee benefits and mobility. How they view Brexit in their international strategy. How trends in employee benefits and legislation impact client needs.

Part of the Generali Group, Generali Employee Benefits (GEB) is a leading business line focused on providing solutions in the space of employee benefits for multinational corporations. With a network presence in more than 130 countries and around 25% market share, GEB offers an broad range of services and products that multinational employers may need for their workforce and their families, from locally admitted policies to cross border arrangements for mobile employees and expatriates, as well as the most sophisticated employee benefit solutions at a local level including multinational pooling and Reinsurance to a captive.

The number of workers on zero-hours contracts continues to rise in the UK. The Office for National Statistics (ONS) estimates that between October and December 2018 there were between 777,000 and 911,000 people working on zero-hours contracts. But the impact of such contracts seems to be underestimated by the government.