MAXIS Global Benefits Network in August 2019 launched a new analytics-led report that is the first of its type in the market. The Population Health and Risk Stratification report is meant for global and multinational organizations that want to significantly improve the impact of their employee health and wellness initiatives. The report also helps companies mitigate the cost drivers of medical claims and employee benefits programs. The report allows

Burlington, Vermont, USA-based Distributed Ledger Governance Association (DLGA) in July 2019 launched a blockchain working group dedicated to captive reinsurance companies. The U.S. state of Vermont is a major domicile for captive insurers and reinsurers. DLGA’s mission statement is “to enable [its] members to successfully demonstrate and accelerate commercialization of their distributed ledger technology (DLT). [DLGA believes] this can best be accomplished through effectively engaging with government and stakeholders

Aetna in May 2019 announced the launch of DNA testing as an optional part of its wellness plans for its European members. The DNA test examines aspects of health and lifestyle, in particular nutrigenomics (the relationship between genes, nutrition and health), fitness, sleep and stress. The goal of the DNA testing is to help members take control of their health and support them to make positive lifestyle changes. Employers

Give an Hour, a US-based, not-for-profit mental health services organization in June 2019 partnered with high profile companies including Facebook, Aetna and IBM to promote global awareness around mental health. The week-long global public education initiative called A Week to Change Direction ran from June 9 to June 15, 2019 with projects registered in 18 countries including Australia, Canada, China, Colombia, Czech Republic, Germany, India, Kenya, South Africa, Turkey,

Generali Employee Benefits (GEB) and global consulting and digital solutions company Accenture in April 2019 announced the release of a new blockchain technology solution to be applied to the employee benefits sector. The blockchain technology is reported to facilitate data sharing, thereby  increasing transparency within the reinsurance process for captive or pooling services. It is also designed to reduce processing errors through the use of smart contracts and automated

U.S. health insurer and administrator Cigna and pharmacy benefit management organization Express Scripts in May 2019 announced they collaborated with Amazon Alexa, a virtual assistant device, to produce two new voice skills. Express Scripts customers who use prescription home delivery services will now be able to manage their pharmacy prescriptions using voice technology. By saying “Alexa, open Express Scripts”, users can monitor their prescription order status and receive notifications

B3i raised about $16 million in February 2019, bringing its total capital to over $22 million. B3i is a blockchain startup owned by some of the world’s largest insurance companies. Slightly more than half of the new capital came in the form of cash, with the rest coming as converted debt. B3i had previously raised 6.3 million Swiss francs in March 2018. B3i’s founding shareholders include Aegon, Allianz, Munich

Fitbit in February 2019 launched a new fitness tracker, the Inspire, which is available through health and wellness providers only. From a consumer perspective, the Inspire is a fully subsidized (i.e. free) product intended to be distributed in mass quantities and is promoted “as a way to encourage the well-being of health care recipients”. The tracker monitor activity and sleep, calories burned, and prompts wearers with reminders to get

Zurich UK in January 2019 announced it was backing London, UK-based travel insurance startup Pluto. Pluto targets Millennials, an under-insured segment when it comes to travel insurance, with up to 60% of them traveling without insurance. The underwriting engine blocks people over the age of 46. Zurich provides underwriting and claims management; Pluto brings mobile-oriented software that gives clients a standard insurance quote in around one minute, or three

APRIL International Care, the international private medical insurance (iPMI) division of APRIL Group, in January 2019 launched the MyHealth France product, an iPMI policy designed to meet the needs of expatriates living in France in both the pre and post Brexit era. France is now home to 1.3 million expatriates of all nationalities, with that figure expected to rise to 1.5 million within the next two years. UK nationals

Grab, a Singapore-based competitor to Uber present also in the Philippines and in Malaysia, in January 2019 announced it would sell insurance through its smartphone app. Grab will open up its ride-hailing app as a platform for direct distribution of insurance policies. The new capability is provided by Chinese partner ZhongAn Online P&C Insurance. The first insurance carrier to join the program is Chubb, with a loss of income

With large international companies managing and financing their group-wide risks centrally, there is a pressing need for a central risk management tool. Captive concepts, which have been around for many years, answer this need and have become very popular in risk management.

Generali in November 2018 launched Generali Global Pension (GGP), a global business unit dedicated to pensions. The initiative is in line with Generali’s strategic targets of “consolidating its global leadership in Employee Benefits, and accelerating the growth of its asset management business.” GGP will provide multinational corporations with pensions de-risking solutions and cross-border plans. It will also create an additional distribution channel for Generali’s multi-boutique asset-management platform and develop

Generali in October 2018 launched a new Cyber Insurance division as well as a start-up, CyberSecurTech, to address cyber risks. The new division combines cyber insurance products with Generali CyberSecurTech, led by CEO Remo Marini, and which will deploy cyber risk assessment methodologies for customers. Generali recently launched the in-house designed and developed Majorana technology platform. It collects and analyses customer data, starting from an assessment of the customer’s

In need of great employees to take your company to the next level? Look no further than Global Benefits Vision. GBV is proud to introduce GBV Open Jobs, where employers and recruiting firms can advertise open positions on the home page of the only independent, knowledge-oriented global employee benefits and global mobility website. Listings on Open Jobs can include links, embedded images, videos, and PDF files to help make

IPMI provider Generali Global Health (GGH) in October 2018 enhanced its Global Choice iPMI product by adding the My Digital Doctor app. Using a smart phone or tablet, beneficiaries now can schedule video and phone consultations with a global, multilingual team of doctors 24 hours a day. Through the new app, GGH members are able to discuss all aspects of primary care; manage ongoing conditions with a doctor and

Chief executives of the multinational pooling networks meet from time to time to discuss general industry trends, and recent discussions focused on the future of multinational pooling and how to grow the market for global solutions offered by the multinational networks. While the structure and focus areas vary between the networks, there was consensus on a number of issues relating to the current state of the market.

The global wellness industry grew 12.8% in the last two years, from a $3.7 trillion market in 2015 to $4.2 trillion in 2017, according to an in-depth research report, the 2018 Global Wellness Economy Monitor, released by the nonprofit Global Wellness Institute (GWI). The report was released at the 12th annual Global Wellness Summit in Cesena, Italy, which attracted 630+ industry leaders from 50 nations. This all new data

International health insurance provider Generali Global Health (GGH) in October 2018 upgraded its product, Global Choice, by adding a new wellness app called Bria. Bria is a mobile app that helps members identify health risks and take preventative steps. It also offers access to health advice, according to each member’s situation and goals. Bria connects with over 1,000 popular health and activity trackers and is available for free to

Generali Employee Benefits (GEB) in September 2018 announced the launch of CIAO, a mobile health app designed to help clients promote healthy behaviors within their organizations, encourage employees to improve their overall health and address lifestyle-related illnesses such as obesity, diabetes, stress, and heart disease. The CIAO app has been developed in partnership with UK-based health tech firm Tictrac. Through research and a deep understanding of consumer behavior and

T&D Holdings, a Japanese listed life insurance holding company, and Swiss digital health platform company dacadoo in July 2018 announced that they will cooperate in the development of digital life insurance products for Japan. Dacadoo develops and operates a digital Health Engagement Platform to motivate users to achieve and maintain healthy lifestyle habits. Additionally, dacadoo offers a risk engine for underwriting. T&D Holdings owns three life insurers: Taiyo Life

Next Insurance in July 2018 raised $83 million in new financing, money it said will fuel its continued U.S. expansion as a full-service digital insurance carrier focused on the small business market. A California-based startup, Next Insurance debuted in 2016 as a digital insurance agency for small to midsize businesses. The new financing will allow Next to add more lines of insurance. The firm changed its agency status in

Digital insurance company ONE in July 2018 entered into a new joint venture with Swiss geolocation experts Axon Vibe, and Munich Re. The joint venture, called “ONE Coach,” is poised to use encryption technology, a novel approach, within the insurance domain. ONE is based in Vaduz, Liechtenstein, and operates in the German market. After launching in February 2018, ONE has become the fastest-growing digital insurance company in Europe. Using

Health insurance start-up Oscar Health in June 2018 announced it would sell Affordable Care Act (“Obamacare”) health insurance policies in six new markets as of 2019, adding three U.S. states – Florida, Arizona, and Michigan as well as three large metropolitan areas in Ohio, Tennessee, and Texas. Oscar offers individual products as well as a small group health plan targeted at small businesses of up to 100 employees, “Oscar

MAXIS Global Benefits Network in June 2018 launched ‘MAXIS Global Wellness’, a centralized wellness proposition based on comprehensive health analytics to help multinational organizations mitigate the soaring costs of healthcare. The solution is delivered via corporate employee benefits plans. It allows multinationals to target country-specific cost drivers identified via analytics to deliver focused wellness solutions to employees. The new product is underpinned by over four years’ global health data

AIG, after reaching agreement on the two largest plan termination transactions of 2017, in June 2018 announced that it has further expanded its presence in the pension risk transfer market. The two transactions, entered into by American General Life Insurance Company, part of AIG’s Life & Retirement business, represented over $1.5 billion in pension plan obligations covering more than 24,000 retirees, beneficiaries, deferred and active members. Pension risk transfer

AIA Hong Kong in May 2018 announced a partnership with online health care services firm We Doctor. AIA’s customers will gain preferred access to WeDoctor’s healthcare services including appointment, online consultation and offline clinics, as well as its network of 2,700 hospitals, 220,000 doctors, and over 15,000 pharmacies in 30 provinces across China. AIA will become WeDoctor’s preferred provider of life and health insurance solutions. WeDoctor has over 110