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During my second year of graduate school, I moved in with my sister’s family to save money. “You must get the flu shot if you are going to live here,” my sister declared. Both of my nieces were under the age of 5, putting them at a high risk of flu complications; therefore, it was critical that I do my part in, first, getting vaccinated to minimize my risk of getting the flu, and second, not passing the flu to a vulnerable population. A key part of this was, and still is, washing my hands regularly.
If you do nothing else the next few days, get a flu shot. The best time to get a flu shot is by the end of October, the Centers for Disease Control and Prevention advises. Considering the severity of last year’s flu, it is especially important for everyone over age six months to be vaccinated. This includes pregnant women.
In the November 2018 issue The Financial Crisis – A Decade Later – Lessons Learned? – Peter Devlin Unraveling Public Pensions in Mexico, The Example of Universities – Denise Gomez CBBA Academic Conference, Paris – A Report Stop Measuring Obesity with a Ruler – Tim Spector The Best Foods for a Good Night’s Sleep – Sophie Medlin Flu Lasts for More Than an Hour in Air and on Surfaces – Seema Lakdawala, Linsey Marr Get A Flu Shot Now – Patricia Schnabel Ruppert Influenza’s Wild Origins in Animals – Jonathan Runstadler Why Washing Your Hands Well Is So Important to Protect from The Flu – Michelle Sconce Massaquoi
The Pooling Market in 2018, A Position Paper, by Ludovic Bayard, Roland de Crombrugghe, Mauro Dugulin, Michael Hansen, Wendy Liu, Morten Unneberg, Peter de Vries Pensions – A Multi-Faceted View from Ireland, by Brian McGarry, Conor Murray, Padhraic Kelly, Orla Ormsby, Brid McDonnell, John Lucey, Andy Kelly Brexit Timeline The New Data Protection Scheme in Germany – What HR Departments Must Know – GDPR4HR, by Tobias Neufeld Who Wants to Join a Union? by Thomas Kochan, Duanyi Yang, Erin L. Kelly, Will Kimball Medical Myth: The Need for Eight Hours of Sleep Each Night, by Leon Lack New Book, ‘The Mind of the Leader’ – an Interview with Authors Jacqueline Carter and Rasmus Hougaard Employee Benefits Captive Integration – Chris Burns, Brian Quinn, Marc Reinhardt
GBV: Thank you all for agreeing to this interview. Can we start with a history of captives in general and of the use of captives for employee benefits over the past 25 years?
Invesco Director Brian McGarry starts off by reminding us that a pension plan not only constitutes tax-advantaged deferred compensation, but that a well-thought out and well-communicated plan has a distinct, positive impact on employee retention. Experienced Personal Financial Advisors Conor Murray and Padhraic Kelly continue by explaining the importance of striking the right balance between our human and financial capital.
Of the European countries, Germany has always had the strictest data protection rules. This includes the legal framework that governs employer’s rights to process personal information of their employees, e.g. to do their payroll, or establish benefit schemes, during recruitment or in workforce investigations. The statutory rules applicable in Germany until May 24, 2018, the Old Federal Data Protection Act (Bundesdatenschutzgesetz – BDSG-old), were based on the European data protection directive and provided for a comprehensive and restrictive scheme for the processing and transfer of personal data, including employees’ data in the workplace. On May 25, 2018, these rules were replaced by the new European General Data Protection Regulation (GDPR) which is binding in all EU member states.
We’re often told by the popular press and well-meaning family and friends that, for good health, we should fall asleep quickly and sleep solidly for about eight hours – otherwise we’re at risk of physical and psychological ill health.
GBV at Three The Data Privacy Act of the Philippines and GDPR: Nico Lacson, Cesar Ruperto P. Ong Quick Take on InsurTech: Reto Toscan, SwissRe UK Group Risk Market Update: Paul Avis Creating a Top-Tier Benefits Package: James Reid Health Coaching Might Help in Reaching Old Age: Ayse Cinar The Latest Blood Pressure Guidelines: John Warner Is Cancer Just a Question of Bad Luck? – Yvane Wiart Opioid Epidemic – The Global Spread Has Begun: Blair Smith Interview with Enrique Acevedo, Correcol – the WBN member in Colombia
Two US researchers recently sparked controversy with their work on the role of “luck” in cancer. Their latest article was published in the March issue of the prestigious journal Science. The researchers, Christian Tomasetti and Bert Vogelstein of John Hopkins University in Baltimore, showed that the disease is less dependent on hereditary (a genetic predisposition) and environmental risks (such as smoking, or asbestos exposure) than on random mutations (such as DNA replication errors) arising spontaneously in cells as they divide and reproduce over the course of our lifetimes.
Health coaching is one of the most powerful ways of changing people’s mindsets for the long term. Practitioners are rapidly taking their place alongside executive coaches, life coaches and personal trainers as another means of making us better people through one-to-one improvement sessions.
We live in a digitized era. Our professional and personal lives go by the dictum that data should drive our actions and reactions. In the course of doing business, companies receive and handle a significant volume of data, and in many instances, this data will include critical—and sensitive—personal data about individuals, be they customers or even employees. Data is increasingly seen as essential to be competitive and is, in its own way, a currency. However, being a data handler also comes with responsibilities and significant risk. In the Philippines, an archipelago composed of 7,107 islands and a population of over 100 million, legislators realized that legislation needed to catch up with this new digital reality.
In today’s landscape, employee benefits need to become the hot topic of conversation. There are many factors driving this since the demographics surrounding today’s workforce are constantly changing. With evolving employee demands and expectations, and new ways of working (think gig economy), employers need to play the employee benefits card to entice potential and current talent to stay put.
Global Benefits Vision: Reto, thank you for agreeing to this interview. Has elipsLife adopted InsurTech? What is your strategy going forward and what are your achievements regarding InsurTech? Reto Toscan: InsurTech is a hot buzzword that gets thrown around a lot, but at elipsLife we’ve embraced it by building one of the most digital and integrated platforms in the business.
Global Benefits Vision: Hello Enrique. Tell us about the highlights of your career, but first, how did you come to enter the insurance field? Enrique Avecedo: Right after I graduated from university with my business degree, I started working in administration at my father’s insurance brokerage firm. I learned operations in a hands-on manner: record-keeping, taking policies to clients, collecting premiums—I’ve done everything.
The current epidemic in the US is thought to have begun with the over-prescription of opioids for pain relief: in 1991, 76m opioid prescriptions were dispensed by US retail pharmacies. By 2011, this figure was 219m. The overall rate of death from drug overdose more than trebled in the US between 1999 and 2016.
Updated blood pressure guidelines from the American Heart Association mean that many more Americans, notably older people, are now diagnosed with high blood pressure, or hypertension. This may sound like bad news, but the new guidelines highlight some important lessons we cardiologists and heart health researchers have learned from the latest blood pressure studies. Specifically, we have learned that damage from high blood pressure starts at much lower blood pressures than previously thought and that it is more important than ever to start paying attention to your blood pressure before it starts causing problems.
Collaborative Benefits Interview: J. Patrick Gallagher, Jr. and Leslie Lemenager Gut microbes are tiny sensors of your general health Eliminate the middlemen: The Bezos-Buffett-Dimon U.S. health care venture How does your body ‘burn’ fat? In praise of doing nothing 2018 IBIS Conference Report New Product: MAXIS Global Wellness – A Q&A with Dr. Leena Johns Luxembourg Pensions for Post-Brexit Workers
The number of studies that have found a link between a disease and a specific gut microbiome composition seems to be ever increasing. Until recently, though, almost all these studies have looked at single diseases in isolation. But most people tend to have more than one health complaint at a time – “comorbidities”, in medical parlance.
Gallagher President, Chairman, and CEO J. Patrick “Pat” Gallagher, Jr., and Vice President – International, Gallagher Benefits & HR Consulting, Leslie Lemenager, sat down with GBV during the 2018 IBIS Academy. They discussed Gallagher’s history and values as well as client needs and market trends in global employee benefits and global mobility. Gallagher’s long history and family connections result in unique, long-term, and people-oriented perspectives. Read on.
Collaborative Perks is the most recent brainchild of co-founder Jean-Baptiste de la Mettrie, who believes in encouraging the practice of collaborative consumption as a way for global employers to attract and retain talent. In an article, “Mandated and discretionary benefits: understanding the types of compensation available for your employees” and published on Linked In, de la Mettrie breaks compensation schemes into “two major subcategories: mandated and discretionary benefits.” Both types, he explains, help employees enjoy a “more comfortable lifestyle,” but some benefits are standardized and compulsory. Discretionary benefits, he says, “offer a wide range of advantages that compliment mandated forms of compensation, and even go the extra length to ensure employee gratification”. (Emphasis mine.)
The 48th IBIS Academy Conference was held from 7 – 11 May 2018, in conjunction with the IBIS Institute, a “boot camp” for practitioners, and the IBIS Mobility and Partner Program. It included a three-day series of cutting-edge presentations and panels for more experienced colleagues. The overarching theme was “Your Future, Your Workforce” and focused on what it takes to be an employer of choice for the future.
Global Benefits Vision: Why has MAXIS GBN decided to launch its new wellness solution now? What were the key drivers behind the launch? Dr. Leena Johns MD: Over the past few years we have worked with clients to identify the cost drivers of their health claims data across disparate geographies, through our sophisticated data reporting tools. While some markets offer solutions to mitigate these drivers, often, in reality, there is an absence of data-based recommendations and a lack of cohesive, centralised solutions that can be rolled out globally.
In the 1950s, scholars worried that, thanks to technological innovations, Americans wouldn’t know what to do with all of their leisure time. Yet today, as sociologist Juliet Schor notes, Americans are overworked, putting in more hours than at any time since the Depression and more than in any other in Western society.