| | Language Perils(tm) - Current Issue - Insurance Publication, Insurance E-Journal (Site not responding. Last check: 2007-11-07) |
 | | The core concept of multinational pooling is simple: A multinational employer agrees, by contract with an insurance network, to insure its local benefit programs with the local insurers associated with that network, thus creating a multinational pool of premium receipts and claim payments. |
 | | In multinational pooling, although consistently large dividends are associated intuitively with maximum cost reduction for a given amount of risk, the absence of such dividends does not necessarily mean that an employers risk is not managed effectively. |
 | | Multinational pooling provides services and information that cannot be obtained locally, including global retirement plans (through cross-border transfer of pension reserves), global medical plans (through ability to provide uninterrupted coverage for internationally mobile employees), ease in obtaining coverage outside the parents home country, and improved reporting. |
| www.insurancetranslation.com /Language_Perils/current.htm (1932 words) |