The Association of British Insurers (ABI) published an analysis of how EU legislation impacts on the U.K. insurance and long term savings industry after BREXIT. The analysis, titled EU Exit: EU Legislation Mapping Exercise, identifies legislation that ranges from key consumer protections, such as the European Health Insurance Card and Data Protection regulations, to EU-wide prudential regulations like Solvency II. The mapping exercise identified 80 “relevant” pieces of EU

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Employee benefits in France are provided by several types of insurance carriers, some of which are particular to that country—and that results in some confusion. Here is a brief overview of the main types of players. French English Translation Coverage Offered Applicable Laws and Regulations Institutions de Prévoyance (IP) Provident Institutions Paritarian Institutions Group health, life, pensions Social Security Code Groupe de Protection Sociale (GPS) Social Protection Group (grouping

MetLife in August 2016 published its first global whitepaper, Employee Benefits Generating Business Impact, identifying key benefits trends and solutions from around the world. Based on data from 12 markets, the research found that total rewards packages are key to employee engagement, productivity and retention. In fact, nearly 100% of employers in Mexico, Brazil, Australia and the US said that benefits are important for attracting and retaining talent. Key

IBNR means “Incurred But Nor Reported” and refers to claims that have occurred but where the paperwork has not been yet performed and the insurer is still unaware of them. As these claims still have to be paid out to victims or beneficiaries, insurers need to set aside money (“reserves”) to cover their soon-to-be-discovered costs, hence IBNR Reserves or simply IBNRs. Since the insurer knows neither how many of