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In February this year, we launched our discussion paper “2045: the future of work – the changing face of employee benefits” looking at how employee benefits (EB) may change over the next 25 years, based on the trends we were seeing in the industry and the world of work. Just a few months on, the changes that we suggested might take decades are already happening because of the COVID-19 pandemic. The rate of change happening in the global EB industry, such as the delivery of digital benefits solutions and virtual healthcare provision, has accelerated beyond anything that could have been predicted at the start of the year.
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The Worldwide Broker Network (WBN) in December 2021 announced the appointment of Alan Fergusson as Global Employee Benefits Practice Leader, reporting to CEO Olga Collins. Fergusson has over 20 years of experience in the employee benefits sector. Prior to this appointment, Alan has been a consultant for WBN and has been associated with the network since 2012 evolving the E.B. strategy and participating on the Board of Directors from

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The Organization for Economic Cooperation and Development (OECD) in January 2022 published its November 2021 inflation figures, showing the highest rate in 25 years. In fact, inflation in the OECD area surged to 5.8% in the 12 months to November 2021, compared with 5.2% in October, and just 1.2% in November 2020, reaching the highest rate since May 1996. The rise was particularly marked in the United States, where

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Willis Towers Watson in January 2022 announced it had changed its brand name to WTW. In France, WTW will drop the well-known Gras Savoye brand name in favor of WTW. Willis had acquired Gras-Savoye in 2015. Furthermore, WTW’s ticker symbol on the NASDAQ stock market will change to “WTW” instead of “WLTW”. These changes occur in the wake of WTW’s failed acquisition by Aon “as [the company now moves]

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Allianz Global Benefits (AGB) and Sanitas, a healthcare specialist in Spain, in December 2021 announced a partnership agreement to globally provide group healthcare insurance programs to multinationals. According to Dirk Hellmuth, CEO of Allianz Global Benefits, Sanitas healthcare plans can be included in global employee benefits programs, such as Multinational Pooling, Captive Reinsurance and Global Underwriting. Javier Ibáñez, Managing Director of Sanitas Seguros, states: “We are very proud of
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