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Multipool Solutions
MAXIS proposes Multipool solutions to international companies seeking to maximize their insurance and employee benefit schemes across borders and who do not have the portfolio size required for Dedicated Pooling. Multipool spread risk among several companies with a minimum of 25 insured employees in at least two countries. MAXIS Multipool solutions can ultimately be transformed into Dedicated Pooling solutions when the company achieves a sufficient size.
The MAXIS Multipool range of solutions has been designed with the needs of small and medium sized international companies in mind. As is the case for Dedicated Pooling, MAXIS begins by assessing a company’s current insurance and benefits packages. Our experts analyze both local and global commitments in such areas as life, accident, disability, medical insurance, pension plans and expatriate benefits.
MAXIS then proposes a Multipool package with the best combination of costs, benefits and quality of service, in partnership with other companies with similar profiles. Once the Multipool program is launched, MAXIS monitors and benchmarks performance and proposes changes if required, including a switch to Dedicated Pooling, to make sure the company is getting the best return on its insurance investments as it grows and expands.
Maxis offers Annual Stop Loss accounting for Multipool solutions.
→ MAXIS ASL (Annual Stop Loss)
• A profit in the pool in any year is refunded to the client at the end of the year
• A deficit in any year is absorbed by the Leading and local insurers of the pool.
Contracts are calculated on a yearly basis and consolidated in a profit and loss statement. Dividends are paid out internationally, on a cash basis, with interests available. International dividends are calculated on a series of criteria according to the solution chosen by the company, reflecting claims levels, administrative costs, local dividends, brokerage and consultancy fees and the level of international risk coverage.
The information provided above indicates basic practices and should be considered as a general overview. For more specific information and an assessment of your pooling requirements. Please contact us.