Multinational Pooling Advantages for Corporations
McKinley International Risk Managemetn in 2012 is able to work to place your local national insurance needs on a licensed and admitted basis. Some large groups of local nationals will benefit from multinational pooling. The advantages of using a multinational pooling arrangement for global employers with over 500 local national employees are dramatic. Employers that employ under 500 local nationals find more benefits from multinational pooling when the local national population is spread out across several countries vs. consolidated in just two or three countries.
To find local national insurance you must be working with a partner that has a license to conduct insurance business in the local country where you are looking for local national insurance (or multinational pooling for local nationals.) In cases were we don’t have the licnese we have a direct partner that does. Many brokers and consultants in the U.S. say they are able to provide advice on local national insurance in the countries where you do business. In reality, if they do not have the local license they are NOT able to source insurance quotes, analyze insurance quotes, or deliver opinions on the insurance for the local country where local national insurance is needed. Multinational pooling is a way of combining admitted local national insurance products so, in essence, they all “work together” for the global employer. In addition to making things easier, it can also offer significant cost savings.
A multinational pooling arrangement is able to “financially tie together” into one large experience rated agreement, fully insured insurance products covering local nationals in different countries and with different insurers. We hope you will contact McKinley International Risk Management www.mckinleyinternational.com for more information.
