The Challenege: A major U.S. multinational with roughly 30,000 employees in more than 100 countries was facing higher premiums for insured employee benefits year after year. The company was working with a wide range of local brokerage firms around the world, and lacked the internal resources to properly oversee the benefits programs in each country.
While the firm had three multinational pools in place, the pools were not being actively managed and failed to produce any significant financial benefits for the company in recent years. The CEO of the company had initiated expense reductions throughout the organization and asked the global benefits department to assess their program worldwide and reduce the cost. Click here to read more…
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