Pooling

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Allianz Global Benefits GmbH

Reinsburgstr. 19
70178 Stuttgart
Germany

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  • Details

  Introduction

Pooling is one of the three International Risk Management Programs that we currently offer. All of these programs aim to provide employee benefit solutions to a multinational client in several countries by utilizing the capabilities of our global network of insurers.

The other two International Risk Management Programs are:

  

  Pooling at a glance

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Pooling consolidates local employee benefit plans from two or more countries into one account to assess and additionally optimize the overall result through a better spread of risk. In addition to optimal service and enhanced transparency through global reporting, multinational corporations can receive the benefit of an international dividend.

By implementing made-to-measure and cost effective employee benefit plans for your staff in your countries of operation, we ensure that our plans are locally compliant and above market standards.

Lines of Business

These lines of business are poolable (depending on local capabilities):

  • Life

  • Accident

  • Disability

  • Pension (risk elements)

  • Health

  Why Pooling?

Multinational corporations that offer their employees additional benefits as part of their compensation packages are faced with a multitude of systems and options in different countries. Benefit plans are often highly specific to local market practice and social security systems, which turns global coordination and consistency into a challenge.

Allianz Global Benefits can help you to meet this challenge by utilizing the capabilities of our global network of more than 110 insurers present in over 90 countries to serve your subsidiaries all over the world.

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Allianz - Allianz Global Benefits; Pooling chart

Our Pooling solutions help you to keep the costs of employee benefit plans under control, to keep track of the development of the plans at local level, to detect problems at an early stage and to ensure that plans are in line with your corporate policy.

You benefit from the local expertise, local terms and conditions, administration and claims settlement of our local network insurers. Furthermore, your local operations may benefit from improved local underwriting terms (regional free cover limits) and global reporting & program management.

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  Our 5 Pooling systems

  • Sa

    Overview

  • Multi-Employer Pool

  • Three Year Stop Loss

  • Limited Loss Carry Forward

  • Stop Loss 125

  • Stop Loss

  • Minimum Requirements

Sa

Overview

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Multi-Employer Pool

The Multi-Employer Pool (MEP) is designed to give companies with a small portfolio of pooled group contracts an opportunity to enjoy the advantages of pooling, which are usually only available for much larger portfolios.

In the MEP, the client‘s risks are combined with risks from several other multinational clients into one single pool. In case of an overall positive result, losses within the MEP are distributed amongst all the participating multinational clients, ensuring that an international dividend is paid to those multinational clients with positive individual results (after deduction of the international costs). In case of an overall negative result our MEP pools are protected by an annual Stop Loss cover set at 100% of the premium in the pool. Through this mechanism our clients are not exposed to financial loss from participating in our pools.


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Three Year Stop Loss

The Three Year Stop Loss (3ySL) is suited to companies with a small to medium portfolio of pooled group contracts. Each client has its own self-standing pool, which means that the pool is of a size that enables it to assume its own risk and consequently has the potential to profit solely from its own experience.

Under this arrangement, we look at the experience over a three year accounting period. At the end of each calendar year any positive or negative results are carried forward within the accounting period of three years. The overall three year experience of the participating policies is therefore grouped together. In case of an overall positive result, an international dividend (after deduction of the international costs) is paid to the multinational client. In case of an overall loss the pool is covered by a Stop Loss set at 100% of the premium in the pool.

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Limited Loss Carry Forward

The Limited Loss Carry Forward (LLCF) is for companies with a medium to large pooled group contracts with a more mature and predictable experience. Each client has its own self-standing pool, which means that the pool is of a size that enables it to assume its own risk and consequently has the potential to profit solely from its own experience.

The experience of the participating policies is grouped together. In case of an overall positive result, an international dividend (after deduction of the international costs) is paid to the multinational client. However, in the event of an overall loss being incurred, a year-specific loss will be carried forward to the subsequent years and balanced with positive results (maximum of three years). After the three year period a pool protection (Stop Loss) will be triggered to protect the pool from the original loss which could not be balanced with positive results. The Stop Loss is set at 100% of the premium in the pool.

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Stop Loss 125

The Stop Loss 125 (SL125) is for companies with a medium to large portfolio of pooled group contracts with a more mature and predictable experience. Each client has its own self-standing pool, which means that the pool is of a size that enables it to assume its own risk and consequently has the potential to profit solely from its own experience.

The experience of the participating policies is grouped together. In case of an overall positive result, an international dividend (after deduction of the international costs) is paid to the multinational client. However, in the event of an overall loss being incurred, a year-specific loss will be carried forward up to 25% of the pooled premium and balanced with positive results in subsequent years. A loss will be carried forward for a maximum of three years, after which a pool protection (Stop Loss) will be triggered. The SL125 is protected annually by a Stop Loss set at 125% of the premium in the pool.

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Stop Loss

The Stop Loss (SL) is suited to companies with a large portfolio of pooled group contracts. Each client has its own self-standing pool, which means that the pool is of a size that enables it to assume its own risk and consequently has the potential to profit solely from its own experience.

The experience of the participating policies is grouped together. In case of an overall positive result, an international dividend (after deduction of the international costs) is paid to the multinational client. In case of an overall loss, the pool is covered by a Stop Loss set at 100% of the premium in the pool.




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Minimum Requirements

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Minimum requirements of our different Pooling systems

  Key advantages

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> International Benefits Report provides detailed information and insights on global employee benefit plans

> Complete transparency of costs relating to your employee benefit plans globally

> Obtain information on market practice when implementing a new plan

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> Control ­
   - keep track of the development of employee benefit plans globally ­
   - ensure that the plans are in line with corporate policy

> Increased local free cover limits

> One central point of contact

> Enables better overall risk management and governance

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> Possible International Dividend to reduce overall costs

> Experience rating is possible even for small contracts

> Potentially enables greater stability of plan costs over time

  Brochure & Contact

For more information please find below our Pooling brochure:




In case of any queries please feel free to contact us at any time via allianzglobalbenefits@allianz.com or one of our Sales Representatives directly.
Together we'll find the right solution for you.

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