Archive for August, 2010
Multinational Aggregate Pooling System (MAPS)
The ING-MAPS pool allows smaller multinational companies to share in the benefits from a pool. The claims experiences of a number of smaller companies are combined into one larger pool, spreading risk and providing economies of scale. In order to qualify, a company must have a group contract based on a minimum of 50 employees [...]
But why?
Why compare benefits and premiums? Multinational pooling brings the risks from a network of local insurance providers together to achieve savings and underwriting benefits based on the risk as a whole. But each network has a single specified local insurer in each individual country. This means that whilst one network may provide the best possible [...]
