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