Aon’s Wellbeing report looks at correlation between employee health and financial well-being
Aon Employee Benefits, the U.K. health and benefits business of Aon plc, in April 2017 published a new report that highlights four ways U.K. employers can support their employees’ well-being in a shifting economic climate: Understand the connections between employee health, wealth and behavior in the specific working population. Secure sufficient budget for employee well-being. The Aon 2016 EMEA health report research showed that well-being budget restrictions are a
Is workplace flexibility becoming the new norm in the creative industry?
Workplace flexibility – part time work, flextime, and telecommuting – is gaining in popularity, particularly in the fields of advertising and marketing, according to new research from staffing firm The Creative Group. More than 400 U.S. advertising and marketing executives and more than 1,000 U.S. workers aged 18 years and older and employed in office environments were asked “Which of the following work arrangements does your agency/firm currently offer?”.
Asian female senior executives restricted to regional roles in multinational firms
138 Asian senior female executives were polled by U.S. based consultancy firm Heidrick & Struggles, across Singapore, India, Hong Kong, Japan, and China between May and December 2016, and the results of that poll indicate that women in multinational corporations feel marginalized to regional roles. 54 percent of the women believe that the lack of global opportunities is due to their ethnic background, while 47 percent felt that gender
Now Health International’s WorldCare gets major upgrade
IPMI provider Now Health International in May 2017 announced that, after a comprehensive product review, they are offering significant changes to their flagship WorldCare product. The enhanced version of WorldCare will include a simplified annual deductible structure, higher benefit limits, and new added value services in response to feedback from its members and distribution network. Key enhancements include: Simple annual deductible Now based on a new deductible structure rather
The Most Important Thing You’re Not Discussing with Your Doctor
Patient-centric healthcare starts with sharing decisions with physicians.
Politicians and policymakers are discussing what parts of the Affordable Care Act to change and what to keep. While most of us have little control over those discussions, there is one health care topic that we can control: what we talk about with our doctor.
How Did Health Insurance Get so Complicated? Here Are Some Answers
Healthcare reform in the U.S. provides for a steady stream of commentary, and it is sometimes useful to repeat some basic truths about … insurance.
How Pre-existing Conditions Became Front And Center in the Health Care Vote
Coverage of pre-existing conditions in the U.S. health insurance market – what is at stake in the 2017 healthcare reforms?
Pre-existing conditions became the focus of debate on the American Health Care Act, which was narrowly passed 217-213 by the House of Representatives.
How to Transfer Personal Data From the European Union To the United States ?
Human resources departments routinely transfer personal data between the U.S. and the E.U. Here is an outline of legal issues currently at stake.
Why the U.S. Does Not Have Universal Health Care, While Many Other Countries Do
Basic tenets of the U.S. healthcare system are often misunderstood abroad, especially in countries that have extensive social security systems in place. Here is what they are and why they came to be.
Data Provider Bureau van Dijk sold to Moody’s
Swedish alternative investments firm EQT in May 2017 sold Bureau van Dijk to Moody’s for EUR 3.0 billion. The transaction is expected to close in the third quarter of 2017. Bureau van Dijk, with headquarters in Amsterdam, The Netherlands, captures, processes, standardizes, and distributes a dataset about private companies around the world, with coverage of more than 220 million companies. It aggregates approximately 160 different information sources. EQT had
An Interview with Generali Global Health’s Marco Giacomelli
Marco Giacomelli Global Benefits Vision: Let’s start by recalling the highlights of your career, with an emphasis on iPMI and global employee benefits. Marco Giacomelli: I’ve worked with Generali for the past 23 years on a number of assignments in the United States, Latin America, Asia, and Europe—now London. I have mainly focused on life, health, employee benefits, and now iPMI, with a few forays into bancassurance and other
Issue 018,
May 2017
Interview Marco Giacomelli, CEO Generali Global Health
How to transfer personal data from the European Union to the United States
Nathalie Deviller
The most important thing you’re not discussing with your doctor
Melissa Armstrong
How did health insurance get so complicated in the U.S.
JB Silvers
Pre-existing conditions and the health care vote
Simon Haeder
Why the U.S. does not have universal health care
Timothy Callaghan
OECD study reveals low financial literacy worldwide
Adults in many countries around the world display low levels of financial knowledge according to the Organisation for Economic Co-operation and Development (OECD). Their December 2016 study, entitled the OECD/INFE International Survey of Adult Financial Literacy Competencies , reveals that besides low levels of knowledge, adults fail to engage in financial behaviors that could result in improved financial security, nor do they have financial attitudes oriented toward the long
According to Dell today’s global workforce needs better cybersecurity savvy
Today’s global workforce is caught between a rock and a hard place when it comes to data security, according to the Dell End-User Security Survey, commissioned by Dell and conducted by Dimensional Research. The rock: be productive and efficient on the job. The hard place: maintain the security of company data. At issue is employee sharing of confidential information without having proper data security protocols in place. The survey
Aon’s PathWise Solutions Group develops integrated business platform for IFRS 17 purposes
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, in May 2017 announced the launch of its PathWise Solutions Group business solutions package, bringing the integrated enterprise High Performance Computing (HPC) business platform within compliance for IFRS 17 standards for insurance contracts. This standard requires companies to significantly enhance their valuation systems and processes; specifically in areas such as data management, model management, and computational power
Risk International names new CEO
Todd R. Miller in May 2017 was appointed as CEO of Risk International, a U.S.-based risk and benefits management firm, effective July 1. Miller has served as the company’s president since 2016 and will continue in this role. He replaces Michael Davis, who has been the company’s CEO since 2009 and remains with the company as its vice chairman, largely focused on business development. Miller joined the company in
GBV Issue 18 Table of Contents, May 2017
Interview Marco Giacomelli, CEO Generali Global Health How to transfer personal data from the European Union to the United States Nathalie Deviller The most important thing you’re not discussing with your doctor Melissa Armstrong How did health insurance get so complicated in the U.S. JB Silvers Pre-existing conditions and the health care vote Simon Haeder Why the U.S. does not have universal health care Timothy Callaghan
Healthcare challenges can be eased through analytics according to Frost & Sullivan
Management consulting firm Frost & Sullivan in April 2017 announced findings by its Transformational Health team that suggest that analytics adoption among U.S. healthcare payers and providers is not consistent, and that some health systems might utilize advanced enterprise data processing architecture to derive patient-specific insight for every episode of care. Healthcare analytics is widely considered as the key enabler of value-based care, and robust use of analytics allows
Milliman Annual Report provides insights into U.S. PPACA program stability
Actuarial firm Milliman in March 2017 released its annual report on the U.S. commercial health insurance market’s financial results . Based on medical loss ratio data submitted in 2016 to the Centers for Medicare and Medicaid Services, the report provides a clear picture of health insurers’ financial experiences in each year, and provides a final accounting of insurers’ financial results after “3R” transfer payments have been completed. The report
CSA Travel Protection rebrands to Generali Global Assistance
CSA Travel Protection, a travel insurance provider, in May 2017 began rebranding to Generali Global Assistance as part of a wider program to rebrand several Europ Assistance business lines in the United States to Generali Global Assistance (GGA). Products and solutions carrying the CSA Travel Protection name will transition over time, while retaining and enhancing offerings and services to customers. As GGA, they will be able to offer a
Theo Lutgendorff joins Aon Benfield
Theo Lutgendorff in April 2017 joined Aon Benfield’s Amsterdam, The Netherlands, team for the Life, Accident, Health and Income lines. He works with insurers and pension funds in the Netherlands and Scandinavia, with a specific focus on the development of large accounts for traditional and Solvency II – related reinsurance solutions. The Amsterdam office of Aon Benfield, Aon’s reinsurance unit, now employs 28 professionals with a variety of specializations
Many Business Travelers Staying at Home-Sharing Properties But Unsupported by Travel Policy
One out of every six companies allows its travelers to stay at home-sharing properties such as AirBnB, reports a new study by the GBTA Foundation, the research and education arm of the Global Business Travel Association—but more than twice that number are under the impression that it is okay to do so. That means many travelers are booking and staying in properties unsupported by their travel policy—a serious duty
Allianz invests in U.S. insurtech Lemonade
Lemonade, the New York City-based insurtech company in April 2017 announced a strategic investment by Allianz, the world’s largest insurance company. Details of the investment have not been disclosed. Solmaz Altin, Chief Digital Officer at Allianz, cited the company’s commitment to staying at the cutting edge of insurance and to helping Lemonade expand throughout the U.S. and internationally. Allianz already had invested in several thought leadership initiatives, such as
OECD publishes April 2017 CLI, pointing to stable global economic growth
The Organization for Economic Cooperation and Development (OECD) in April 2017 published its monthly Composite Leading Indicator (CLI) with data from February 2017. Growth is anticipated to pick-up in the United States, Canada, and in Germany. In the United Kingdom, as in last month’s publication, there are tentative signs of growth gaining momentum, although the CLI remains below trend and uncertainty persists about the nature of the agreement the
The U.S. Border and Privacy: Can HR Professionals Supplement Corporate Data Security in an Increasingly Intrusive World?
Every business traveller these days is expected to have access to corporate networks and secure data on multiple devices. These devices include smart phones, tablets, and laptop computers, all of which are vulnerable to lapses in security protocols. Data security and privacy have always been a priority for any corporation − and this includes in-house proprietary data as well as client data − yet the increasingly invasive nature of governments and their agents has the potential to breach a company’s internal controls, as well as pose a multi-jurisdictional litigious liability to its operation.
GBV Issue 17 Table of Contents, April 2017
Frédéric de Courtois Interview GBV Multinational Pooling 101 Paul Avis Digital Privacy at the U.S. Border Eric Muller-Borle Hot-Deskers, the Homeless People of the Office World? Alison Hirst
Issue 017,
April 2017
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