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In a multinational pooling program, all pooled local policies are combined in a “second stage accounting” produced every year. The resulting balance of such account reflects the total savings achieved through pooling policies worldwide, and it generates a rebate payable to the multinational company.
The International Group Program (IGP) is a registered brand name under John Hancock. IGP operates in the State of New York under JH Signature Insurance Agency, Inc., a NY licensed broker. IGP Network Partners operating outside of the United States are not necessarily licensed in or authorized to conduct insurance business in any state in the United States including, the State of New York.
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What is IGP & multinational pooling?
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How is pooling regulated?
Multinational pooling is a vehicle that enables multinational companies to manage their local employee benefits plans in accordance with their global strategy. Through multinational pooling, employers can obtain data on the local employee benefits plans and may receive a rebate based on the combined claims experience of their programs, as well ...
Brian is Head of Business Development for multinational pooling at IGP. In this role, he coordinates the marketing and delivery of IGP's products and services to more than 800 global clients and their advisors. He has more than 35 experience in the international
Pooling is regulated by the annually renewed Pooling Agreement which defines the risks that can be pooled, those risks which are excluded from cover, and how covered losses are to be shared between the participating Clubs.
Products and services. IGP offers a variety of innovative products allowing clients the opportunity to better manage risk, improve cash flow and reduce costs. Depending on the needs of a client and its local subsidiaries, one or a combination of these products may be applied to its international employee benefits programs.
Allianz Yaşam ve Emeklilik and Allianz Sigorta are the only IGP accredited insurance companies in Turkey. Close to 900 multinational clients have a Multinational Pooling, Global Underwriting or Reinsurance to Captive account with IGP.
