MAXIS Global Benefits Network Local leaders, global solutions

Transcription

1 MAXIS Global Benefits Network Local leaders, global solutions

2 Who we are MAXIS Global Benefits Network (GBN) 1 is one of the world s leading global benefits networks. By combining the size, strength and stability of AXA and MetLife, two of the world s largest and most trusted companies, MAXIS GBN is able to offer holistic global benefit solutions, tailored to meet the unique needs and objectives of our clients in 111 markets around the world. The changing landscape of Global Benefits Diminishing returns on multinational pooling, increasing interest in the use of captives, a greater thirst for information and rising healthcare costs make for a challenging environment for international benefits and risk managers. As client demands evolve, MAXIS GBN is at the leading edge of current trends in the global benefits arena, offering a comprehensive range of solutions and the latest developments in pooling and global programs, including innovative approaches to pricing. Why we are different Unlike many global benefits networks, MAXIS GBN is centrally managed, and the majority of MAXIS GBN members are owned by MetLife and AXA. In fact, 60% of our members are owned by MetLife and AXA, a significantly higher share of member ownership than any other network. 2 This structure enables us to offer better control, greater consistency and the opportunity to review pricing and underwriting conditions from a truly global perspective. 1 MAXIS Global Benefits Network (MAXIS GBN) is administered by AXA France Vie S.A., Paris, France (AXA) and Metropolitan Life Insurance Company, New York, NY (MetLife) and is a network of locally licensed MAXIS Member insurance companies. MAXIS GBN is not an insurance provider and only the MAXIS Member insurance companies provide insurance. The Metropolitan Life Insurance Company ( MLIC ) is a member of MAXIS GBN and MLIC is licensed to transact insurance business in New York and other members of MAXIS GBN are not authorised to transact insurance business in New York. 2 Towers Watson 2013, Multinational Pooling Matrix and Poolable Coverages, (networks other than MAXIS GBN have a greater number of independent insurer members than MAXIS GBN)

3 A network of local leaders Not only are the bulk of MAXIS GBN members owned by AXA or MetLife, but many of these are recognised as leaders in their local markets. In fact, through our members we: hold top five positions in four European markets; are recognised as the leading provider of life insurance in three Latin American locations and the leading health insurer in two; 3 and are the top employee benefits provider in Hong Kong, Taiwan and Singapore. We are employee benefits pioneers in the Gulf and are actively looking at extending our reach into new regions such as Africa. And, with more than one member option in 19 markets, we can offer our clients not just global coverage, but even more choice. This network of strong local leaders, combined with our local market and regulatory expertise, allows MAXIS GBN to develop and deliver solutions that are flexible and tailored to meet the individual needs of our clients. 3 Mexico: based on premium income (AXCO Insurance Market Report, Social Security and Employee Benefits, November 2013). Chile: based on direct premium (Superintendencia de Valores y Seguros, Estados Financieros, June 2012).

4 Committed to global health and wellness With healthcare spending expected to increase at an average of 10% per year globally, 4 healthcare costs are a real concern for benefits and risk managers. MAXIS GBN is committed to providing data-driven insurance solutions and wellness programs to address these concerns. Research, white papers and events not only support the importance of health and wellness in driving employee productivity and engagement; they also provide actionable conclusions, enabling our clients to put these concepts into practice. Many of our members offer extensive and market leading end-to-end healthcare management solutions and are leading the way with innovative and dynamic health management tools. Our thought leadership activities in this field and best-in-class capabilities make us a global leader in this market. Valuable data and insights Knowledge is power, which is why we offer: medical claims data and analytics in 23 markets; ad-hoc claims reporting in a further 29 locations; annual pooling and captive reports; trends analysis for pool and captive clients; and in-depth summarised market information through Axco. We continue to develop and expand our digital capabilities, allowing clients to easily access management reports as well as the latest insights and innovative ideas from our members, all of which gives our clients the power to better monitor trends and manage their budgets and cash flows more effectively. 4 Towers Watson Global Medical Trends, 2012,

5 Solutions, not products Although MAXIS GBN was established in 1998, member insurers have been offering pooling as a service to clients since 1953, 5 and today we are able to pool accident, life and health in more than 65 markets across the globe. We were pioneers in developing captive programs and remain leaders in this field today. We continue to look for new and innovative ways to support our clients. By working in a consultative manner at the local, regional and global level, we are able to build benefits programs that best fit their individual requirements. With our deep local capabilities, we can be an advisor in many markets, regardless of whether or not that business is centrally reinsured. MAXIS GBN To find out more about MAXIS GBN and how we can support your business, visit us at or contact your local Account Executive. MAXIS GBN by the numbers 750 multinational clients work with MAXIS GBN 175+ multinational programs managed 135 members in 111 markets 109 markets offer life insurance 107 markets offer disability insurance 104 markets offer accident insurance 86 markets offer health insurance 29 markets providing ad-hoc claims reporting 19 markets offer more than one member option 23 markets provide medical claims data and analytics 20: the average number of years experience our account team have 7: the number of key performance indicators we actively monitor and track 3 levels of contact and expertise global, regional, local 5 The first pooling arrangement was established by American Life Insurance Company, Wilmington, Delaware ( Alico ) and Alico joined MAXIS GBN in 2009.

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