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AIA in October 2017 concluded a new bancassurance partnership with Bangkok Bank in Thailand. Bangkok Bank will distribute AIA Thailand’s retail and group protection and long-term savings products on an exclusive basis. The 15-year agreement will become effective in the first half of 2018. Bangkok Bank is the largest bank in Thailand by total assets; it has more than 16 million customer accounts and around 1,200 branches nationwide. Typical

Sleep expert Dr. Els van der Helm in October 2017 launched her new website, shleepbetter: www.shleepbetter.com Shleep serves global clients (both businesses and leaders) and helps them improve their performance through better sleep management. Shleep’s mission is to help organizations and people sleep better. To reach this goal, they offer workshops, assessments, coaching, and a unique and scalable sleep coaching app to help you, your workforce and/or coworkers sleep better –

Swiss Life in October 2017 entered into a long-term partnership with Swiss business software provider for small businesses, bexio. Swiss Life becomes one of the largest shareholders of bexio and Swiss Life Switzerland CEO Markus Leibundgut joins the Board of Directors. The start-up already has over 10 000 customers and employs a staff of 50 in Switzerland. Bexio focuses on small-to-medium-sized businesses (SMBs) and offers web-based services – including

Zenefits in October 2017 announced a major change in its strategy. It now intends to become the technology backbone for the employee benefits industry by linking carriers, brokers, companies, and employees with its Zenefits Certified Broker Partner Program and Zenefits Ben Connect. This will allow Zenefits to cooperate with brokers rather than compete against them. The Zenefits Broker Partner Program was launched with the announcement of a partnership with

Sun Life Financial and Pareto Captive Services in October 2017 announced a new stop-loss group captive solution, Legend Re, which will be available in the U.S. for policies effective January 1, 2018. The initiative is designed to reduce claims volatility for small and medium self-funded employers or fully-insured employers transitioning to self-funding in order to realize cost savings. Employers in a group captive typically have under 500 employees, are

MSH International, citing favorable U.S. state regulations allowing self insurance for groups with as few as ten plan members, along with the growth of the medical stop-loss business, in October 2017 announced a new stop-loss product for self-insured expatriate and third-country national (TCN) customers that includes medical benefits as well as life and disability options. President and CEO Philippe de Dreuzy said “Based on my 25 years’ experience I

Activehours, a mobile app that gives people access to their pay directly from their smartphones whenever they need it, has announced a $39 million investment round led by Andreessen Horowitz, along with participation from earlier-stage investors Matrix Partners, Ribbit Capital, and March Capital Partners. Launched in 2014, Activehours has added employees from more than 25,000 companies including Starbucks, Apple, Home Depot and Target, who use the app. Activehours charges

B3i, a group of fifteen global insurers and reinsurers, in September 2017 launched a fully functional beta version of its integrated blockchain solution for the re/insurance industry at the 61st Monte Carlo RVS Conference. In seeking to fulfill the potential of blockchain, B3i group members have attempted to build an efficient worldwide industry platform for market participants to more easily cede, handle, and trade risks. Speaking for B3i, Paul

HR software provider for mid-sized companies Namely has released the results of its open enrollment survey, which identifies what is most important to U.S. employees when it comes to benefits. Findings indicate that 36% of employees rate their HR departments with a “C” or lower when it comes to open enrollment. While 57% of respondents say that their employer has prepared them “pretty well,” only 27% give them an

The demand for short term international private health insurance or IPMI which bridges the gap between travel insurance and longer term cover looks set to keep growing, particularly as events such as Brexit unfold. Brexit could unleash yet more demand as international arrangements such as the European Health Insurance Card (EHIC) may no longer cover travelers to and from the U.K. . The impact of the internet, budgetary pressures

Data breaches and cyber security are a significant concern with U.S. businesses expecting to see an all-time high of nearly 1,500 reported data breaches in 2017. Business owners need to be more vigilant than ever in order to avoid these near-certain attacks, and to protect their employees’ and customers’ personally identifiable information (PII). Generali Global Assistance, in cooperation with the Identity Theft Resources Center (ITRC), in August 2017 released

Global Benefits Vision is proud to announce the release of the new Global Employee Benefits and Global Mobility Directory! Our vision is for the directory to be the core record of Employee Benefits and Global Mobility providers in the industry, and a one-stop shop for company data and contact details at your fingertips. We will be revising it periodically to ensure the data remain current and to add new

A July 2017 report by Research Nester indicates that the corporate travel insurance market expects to see robust growth from 2017 to 2024 at a rate of 8.6% per year (CAGR  – Compound Average Growth Rate) over the forecast period, thanks to an increase in business travel. The European region accounts for the largest market share in the global corporate travel insurance market, followed by Asia-Pacific, while Europe is

A rogue employee attempting to make a profit on the Dark Web in 2017 breached the data systems of Bupa, a U.K.-based international health insurer. The employee, who goes under the codename “MoZeal” and who offered the database for sale on Alpha Bay, one of many sites on the Dark Web, has exposed data for 108,000 policies and claims to have information for as many as one million customers.

Lemonade, an U.S. property/casualty insurance company “powered by artificial intelligence and behavioral economics”, in June 2017 released two surveys conducted in April 2017 that appear to indicate it had overtaken Allstate, GEICO, Farmers, Liberty Mutual, Progressive, State Farm, USAA and all other legacy insurers, when it comes to first-time purchasers of renter’s insurance in New York State. The first of two Google surveys (500 respondents) compared Lemonade’s market share in

Zurich’s International business (Zurich International) in August 2017 launched its Target Date Funds (TDFs) as part of the investment proposition available with the International Pension Plan (IPP), and International Corporate Investment Plan (ICIP). Zurich International claims it is the first financial services group to offer a US Dollar TDF solution in the International Pensions & Savings market. With their focus on simplicity, value for money and positive retirement outcomes

U.S. health insurance comparison platform HealthCare.com in June 2017 announced the launch of The CheckUp, a new online blog meant to equip Americans with the knowledge and insight to make better-informed decisions about their healthcare. More than one-third of Americans are unaware that “Obamacare” is another name for the Affordable Care Act, according to a poll conducted by Morning Consult earlier this year. Led by Ronald Barba, a veteran

American International Group (AIG), IBM, and Standard Chartered Bank, in June 2017 announced they have successfully piloted the first multinational “smart contract”-based insurance policy using blockchain, a distributed ledger technology. The three parties chose to execute this initiative in one of the most complicated areas of commercial insurance – multinational risk transfer – to better understand blockchain’s potential to reduce friction and increase trust in other areas of the

Pan-American Life Insurance Group (PALIG) in June 2017 acquired HolaDoctor, the leading digital provider of health and wellness solutions for Hispanic audiences, in a significant strategic initiative by PALIG that both expands its presence in the U.S. Hispanic market and strengthens its position as a healthcare leader in Latin America. Terms of the deal were not disclosed. Founded in 1999, HolaDoctor is an online resource for Hispanic consumers interested

The Luxembourg Chamber of Deputies in July 2017 passed a reform of the long-term nursing care (LTC) insurance plan provided by Social Security, officially known as “assurance dépendance”. The new provisions that come into force on 1 January 2018 allow for higher individualization of the range of – mainly nursing – services to better meet the daily needs of LTC beneficiaries. New standards and controls and simplified procedures are