Life, health and accidents
Group insurance for employees is almost exclusively that related to life and health
For local groups, hedging is usually marked by collective legislation or agreement, both with regard to the death of an employee and to a health protection. This implies that a deep knowledge of the local reality is necessary, both in terms of coverage to be granted and risk management. This is why MAPFRE´s GLOBAL Employee Benefit Programs are designed from local programs, with the participation of insurer experts in each country.
MAPFRE Global Risks offers a variety of hedging adapted to the needs of each group, the following being the most common:
LINE OF BUSINESS | COVERAGE |
|---|---|
| LIFE | Pure risk: - Main Coverage: Death by any cause - Complementary coverage: Permanent Disability (Severe Disability, Absolute for all work, Total professional) - Additional Coverage for accidents: double capital, Healthcare Expenses... - Other Complementary Coverage: First-aid, Advances, Assistance... Mixed Policies (only the Risk section) |
| ACCIDENTS | 24-hour coverage Professional coverage |
| HEALTH | Healthcare assistance Reimbursement of Healthcare Expenses Indemnification for Serious Illnesses |
For these insurances, MAPFRE Global Risks offers the following solutions:
- Coordinated offer: local contracts that are offered in a coordinated manner in several countries with centralized management for the customer (usually from the Human Resources, People, or equivalent department) and coordinated account management by MAPFRE Global Risks.
- Internal Pool: as above, but incorporating the payment of interests in associated undertakings in results to the parent company based on the results of all participating countries.
- Captive operation: incorporating the reinsurance cession to a reinsurance company that is part of the business group being insured.
Expatriates are a small but important group for multinationals, both for their key role in managing their businesses, and for the complexity inherent in their situation. For Expatriate groups, MAPFRE Global Risks programs include coverage for the employee and his/her family members who live with him/her, and usually as follows:
HEALTH FOR EXPATRIATES | |
|---|---|
Dental Coverage | |
Outpatient Coverage | |
Hospital Coverage | |
24-hour coverage Professional coverage |