Lockton, the Kansas City-based risk management, insurance, and employee benefits consulting service, has just chosen Andrew Merrilees to head their Asia-Pacific Benefits operation based in Singapore. Lockton’s search for new leadership began in 2015, prompted by a surge in investment and growth in the Asia-Pacific region. Mike Tyler, Head of Lockton UK Employee Benefits, expressed confidence that the addition of Merrilees allows the company to drive faster development of
Nursing homes and long-term care (LTC) facilities face rising liability costs in the coming years unless they can find alternatives to litigation. According to a national study that surveyed 35 U.S. providers operating an aggregate 240,000 LTC beds, the overall national LTC loss rate is expected to increase by 5 percent annually, driven by a 3 percent rise in litigation claim frequency. These findings were the result of the
Are Alternative Investments Suitable Assets for Long-Term Insurance Liabilities and Pension Funds? GBV In-Depth Article
GBV magazine publishes this 14-page, in-depth article which discusses alternative investments and their suitability for life insurance in general and pension liabilities in particular. By and large, alternative investments are investments in assets other than equities, bonds and cash. They include real estate, commodities such as oil, cocoa and gold, capital goods such as ships and aircraft, and even more exotic categories: hedge funds, private equity, project finance, venture
Generali Employee Benefits in February 2016 released a special issue of its newsletter entirely devoted to the African continent, available for download here. The 28-page PDF booklet covers the region’s macroeconomic outlook (good despite multiple challenges), provides an overview of the African employee benefits industry (still in infancy but with positive trends emerging – and already some degree of complexity and regulations that one needs to be aware of)
Strategy – Cutting Loose from The Silos Is Not Enough Beyond products and services, client orientation is critical to success Dirk Hellmuth, Melanie Liedtke Effective Benefits Communication Increases Employee Engagement Matt Frost Interview: Chris Bruce, Managing Director and Co-Founder, Thomsons Online Benefits PPI and APF, Two Acronyms Redefine the Dutch Pension Market Theo Lutgendorff Mitigating Corruption Risks in Corruption-Prone Industries and Geographies A case study of an international joint-venture
Only a few weeks after Dutch telecommunications firm Vimpel and U.S.-based engineering software editor PTC in February 2016 entered into settlements with U.S. authorities in relation to allegations of corruption, telecommunication hardware provider Qualcomm in early March 2016 agreed to pay $ 7.5 million to settle charges under the U.S. Foreign Corrupt Practices Act (FCPA). Both PTC’s and Qualcomm’s illegal dealings were with corrupt Chinese government officials, whereas Vimpel got
The role of Cultural Skills in Mitigating Corruption Risks in Corruption-prone Industries and Geographies – a Case Study of an International Jv in the Oil & Gas Sector
“Corruption, and the perception of corruption, erodes trust in governments, businesses, and markets. In the aftermath of the greatest financial crisis of our time, we need to rebuild that trust more than ever before.
Streamlining your Global Benefits: An interview with Chris Bruce, Managing Director of Thomsons Online Benefits
GBV once again gains exclusive access to Chris Bruce of Thomsons Online Benefits for an insight into the global benefits market from one of the largest benefits software providers in the world Global Benefits Vision: What are Thomsons Online Benefits’ core businesses and main activities in general, and how do they specifically relate to the global employee-benefits industry, today?
While the concept of employee engagement has been around for over two decades, its importance as a competitive driver for employers has sharply increased in recent years. Maximizing gains from the total rewards budget and attracting the best workforce, and then retaining employees by maintaining their motivation, has never been more critical to global business.
Research conducted by the London School of Economics (LSE) in the U.K. proves the value and causal link between companies’ investment in communication and increasing their employees’ engagement with their pension, ultimately improving their retirement outcomes.
The Dutch pension system, and the frequent changes in that system, have been the subject of many (international) publications over the past decades. Readers of such publications are very likely to have lost track, as there probably have been too many changes to digest.
After its acquisition and renaming in April 2015 of the ING global benefits network, AIG launches in February 2016 its new AIG Global Benefits Network website . The new website describes AIG GBN’s product offering: multinational pooling and employee benefits captive arrangements. The list of local insurance carriers, members of AIG GBN, as well as rather detailed definitions of all components of the international dividend calculation are also provided
Only one day after PTC announced at $28 million settlement with U.S. authorities in a bribery case involving China, Dutch telecom operator of Russian origin VimpelCom announced settlements with the U.S. Securities and Exchange Commission , the U.S. Department of Justice, and the Dutch Public Prosecution Service (Openbaar Ministerie) following investigations under the U.S. Foreign Corrupt Practices Act and relevant Dutch laws, pertaining to VimpelCom’s business in Uzbekistan, where
Two units of U.S.-based engineering software company PTC will pay a total of $28 million (USD) to resolve probes into whether they gave more than $1 million in recreational travel to foreign government officials from China, in a probable violation of the Foreign Corrupt Practices Act, the U.S. Department of Justice and the Securities and Exchange Commission said in February 2016. NASDAQ-listed PTC has 6,000 employees in 30 countries
MAXIS Global Benefits Network will broadcast a webinar on February 24 and 25, 2016, titled “Enhancing the Employee Value Proposition in China and India,” and based on MetLife’s Employee Benefit Trends Study. As Asian economies and businesses mature, maintaining a highly productive workforce becomes more difficult in these markets. The webinar will help employers understand employee motivators in China and in India, including the role of a total rewards
Zenefits, a San Francisco-based software startup recently valued at a whopping USD 4.5 billion, then revalued down to USD 2.3 billion, said in February 2016 it had replaced founder and CEO Parker Conrad with its former chief operating officer David Sacks, previously an executive at Yammer and PayPal. The company provides software for small and medium-sized businesses that automates some of their human resources services, including healthcare benefits, stock
IGP hosts the Americas regional version of its international employee benefits seminar in Sao Paulo, Brazil, on September 15, 2016. During the seminar, HR professionals, C&B specialists, Risk Managers and Finance Executives of all levels have the opportunity to discuss past, current and future employee benefits trends with industry specialists and their peers. A mix of country panels with a focus on the Americas is provided, along with topical
IGP hosts the Asia-Pacific regional version of its international employee benefits seminar in Singapore on September 29, 2016. During the seminar, HR professionals, C&B specialists, Risk Managers and Finance Executives of all levels have the opportunity to discuss past, current and future employee benefits trends with industry specialists and their peers. A mix of country panels with a focus on the Asia-Pacific region is provided, along with topical plenary
IGP hosts the EMEA regional version of its international employee benefits seminar in Windsor, U.K. from May 24 to 26, 2016. Windsor is located 40 km to the West of London. During the seminar, HR professionals, C&B specialists, Risk Managers and Finance Executives of all levels have the opportunity to discuss past, current and future employee benefits trends with industry specialists and their peers. A mix of country panels
IGP hosts an event aimed at Malaysian subsidiaries and advisors in Penang, Malaysia on Wednesday on April 27, 2016. The programme includes an introduction to pooling and other topical sessions about employee benefits trends. There is no fee to attend. More information and registration here.
IGP hosts an event aimed at Malaysian subsidiaries and advisors in Kuala Lumpur, Malaysia on Tuesday on April 26, 2016. The programme includes an introduction to pooling and other topical sessions about employee benefits trends. There is no fee to attend. More information and registration here.
IGP hosts an event aimed at Indonesian subsidiaries and advisors at Manulife’s offices in Jakarta, Indonesia on Tuesday, April 19, 2016. The programme includes an introduction to pooling and other topical sessions about employee benefits trends. There is no fee to attend. More information and registration here.
IGP hosts an event aimed at Colombian subsidiaries and advisors at Club El Nogal in Bogota, Colombia in the morning of Thursday, February 11, 2016. The programme includes an introduction to pooling and other topical sessions about employee benefits trends. There is no fee to attend. More information and registration here.
Did we lose our focus on global employee benefits? Hopefully not! In fact, global employee benefits do include insurance and assistance services pertaining to international travel, so we thought you might be interested in hearing this fascinating news from one of our adjacent industries, travel, as reported in February 2016 by B2B website travelmarketreport.com . Available as a mobile phone app, OneGo offers unlimited U.S. domestic flights on plans
Marco Fattori has taken over the leadership of the account management team as Head of Account Management. In this new position he will be leading the client service teams of Allianz Global Benefits around the world. He will directly report to François Jacquemin, Head of Products & Solutions. Prior to this Marco Fattori has worked as an Account Manager since February 2014, servicing multinational corporations and global brokers in