Article Abstract:
A guide for evaluating multinational pooling networks is prescribed. Multinational pooling is a means for reducing insurance costs and managing international employee benefits. In the US, the pooling industry has grown to 15 networks which offer a range of products to small, medium and large groups as well as single-country and special services involving offshore captives. The quantitative and qualitative factors to be considered when assessing pooling networks are discussed.
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Article Abstract:
Multinational pooling offers a regular interface between multinational company and plan members, provides interaction between the headquarters, local human resource (HR) and finance departments and also facilitates information flow and general market intelligence to the corporate office. Nearly 80 percent multinational pooling sponsors of the United States use pooling as a cost-saving tool.
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Article Abstract:
Issues concerning questions most asked by companies about multinational pooling are addressed, including the amount of money the could save from pooling, retention charge reduction rates, most profitable countries for pooling and using the 'loss-carry-forward' technique.
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