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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

In a long overdue move, the European Commission in June 2017 unveiled a proposal for a pan-European personal pensions product (PEPP). PEPPs are designed to complement – not replace or harmonize  – existing state-based occupational and national personal pensions throughout the European Union. The PEPP forms part of the Commission’s plan to build a Capital Markets Union (CMU), wherein the Commission believes the new pension product will help to

Actuarial firm Milliman in June 2017 released a white paper: The 2016 US Group Disability Market Survey, which discusses employer-paid and employee-paid short-term disability (STD) and long-term disability (LTD) insurance products, and includes an analysis of premiums, cases, and covered lives from new sales and in-force business in 2015 and 2016. The white paper determined that the combined STD and LTD in-force premium among contributing companies in 2016 was

Global consulting and actuarial firm Milliman in June 2017 released the findings of a study titled “Participating business in Asia: 2016 Edition.” The study analyses and compares participating (par) business across seven Asian insurance markets, most notably Singapore, India, Malaysia, Hong Kong, mainland China, Indonesia and Sri Lanka. The report collates in-depth information not otherwise available and provides insight from survey results about par business in Asia and includes:

Generali Global Health (GGH), the international health insurance division of Generali, in June 2017 launched a new product in Spain, Global Choice, an international health insurance plan for groups with globally mobile employees. GGH has partnered with sister company Generali España to launch Global Choice in Spain. Since its launch in select markets throughout 2016, including the UAE and Hong Kong, Global Choice has been updated and the Spanish

Alight, the former outsourcing business that Aon in February 2017 sold to private equity firm Blackstone, in June 2017 re-emerges as a standalone firm. Chris Michalak, CEO of Alight Solutions: “We are using this opportunity to ignite an entrepreneurial spirit and a culture focused on innovation to help companies and their people meet their rapidly changing benefits, HR and financial needs. […] we believe that businesses are powered by

The Canadian Council of Insurance Regulators (CCIR) in late May 2017 released its Travel Health Insurance Products Position Paper detailing final recommendations to the issues it identified in travel health insurance, to enhance consumer protection and confidence, including: Development of common standardized definitions and terminology Improvements to the application, screening and claims process Simplifying and improving disclosure documents Ensuring adequate controls and oversight mechanisms are in place throughout the

In a letter addressed to leaders in the United States’ House of Representatives and shared with all House and Senate members, the American Academy of Actuaries’ Individual and Small Group Markets Committee and Medicaid Subcommittee in April 2017 provided an actuarial perspective on the American Health Care Act (AHCA). The analysis examines the effects on enrollment and on the risk pool of the AHCA’s replacement of the individual mandate

Aetna International, a subsidiary of Aetna, in May 2017 announced the redesign of Health Hub, its health care benefits secure member portal, after an extensive review of the service. The redesign allows users to search for information about a subscriber’s health, and allows subscribers to have secure access to their insurance and healthcare needs from any location. Members can view their plan details, access claim records, and search for