Companies participating in the Generali Multi Plan (GMP), the multi-employer pooling solution, received a pay-out ratio of 37% for each country with a positive experience in 2014.
The Multi Plan has proven yet again its unique value for companies with a small benefits portfolio and who are looking for an effective way to stabilise their risks, access global expertise and simplify the management of their employee benefits programmes.
How it works
The Multi Plan is a simplified pooling solution specifically designed for small groups, where different organisations’ experience is combined into a larger and less volatile pool.
This results in enhanced protection and potential savings.
- In case of a surplus:
At the end of each year, if the overall Multi Plan experience is positive, an international pooling dividend will be redistributed to the participating companies for each country with a positive experience.
- In case of loss:
If the overall experience of the Multi Plan portfolio is negative, the losses will be entirely absorbed by Generali Employee Benefits while no dividend will be paid.
Key strengths
- Dividends:
The Multi Plan pay-out ratio is unmatched, and all countries with a positive experience are eligible for a dividend payment. This means that even if a company had an overall negative experience, it can still receive back country-based dividends from the pool.
- Global Expertise:
The Multi Plan gives small groups access to the largest and strongest employee benefits network, with high quality services in over 120 countries, and a unique capacity to support companies’ international workforce operations.
Requirements to join
- At least 2 countries
- At least 20,000 euro annual premium worldwide
2014 Facts and figures
The GMP second experience year closed with very good results and a significant increase of the portfolio size:
- About 20 countries represented
- Mostly from the Americas, followed by Asia and Europe
- From 50 to >10,000 employees per company