November 2018
Memorial International currently works with GEB Network Partners in the US, South America and Poland, incorporating funeral assistance plans into GEB’s integrated employee benefit (EB) portfolios.
The company, founded in 1995, has around 12 million protected clients across both the business-to-business and business-to-consumer sectors.
At present, the bulk of Memorial’s business comes from the banking insurance and credit card sector, where funeral policies are automatically incorporated into services. However, the insurer’s business model is evolving further into the employee benefits sector.
Pablo Cevallos, CEO of Memorial International, commented: “In five years all insurance portfolios of customers will have funeral coverage included. It’s customisable, it’s suitable for any socio-economic status, and it’s available on an individual, family or group basis.
“Funeral insurance represents the perfect low risk, minimal administration policy, which could sit perfectly within integrated employee benefit portfolios.”
