Health & Benefits
Companies of all sizes are expanding internationally like never before. In times past they may have been content to leave employee benefits decisions entirely in the hands of local management, but in today’s highly competitive and cost-conscious corporate environment this is no longer the case. Today’s multinationals prefer to retain a degree of control at the Home Office level–as Ronald Reagan’s once put it, to “trust, but verify.”
This is easier said than done.
The Need
The international employee benefits and human resources environment is complex and ever-changing. Understanding and controlling a global benefits program is a massive undertaking that can overwhelm the HR leadership without expert assistance. As companies strive to centralize control at the Home Office level, they need expert advice and assistance in managing their worldwide benefits program.
In addition, multinationals often need assistance that goes well beyond employee benefits. As the global business environment grows ever more competitive, Human Resources is hard pressed to work effectively on a number of fronts at once. The ability to access expert advice and capabilities across the HR spectrum can be invaluable.
The Opportunity
Historically, multinationals often turned to the so-called “global brokers” for help, but many small and mid-sized multinationals have been less than enthralled by the high costs and low service levels from this approach. Other multinationals may have been tempted by regional brokers who advertised their membership in an international broker network, but were disappointed to learn that the network offered little more than global “dots on the map” with no dedicated team of experts to manage and coordinate the client’s benefits on a global scale.
Globex Partner brokers can offer their clients a “third way” that provides the best of both worlds: the full-service capabilities of a global broker or consultant combined with a boutique broker’s customer-driven focus, all at an attractive cost.
About Globex
Globex International is a leading independent multinational employee benefits, insurance and risk management services organization providing health & welfare, pension and human resources assistance and guidance to select independent brokers and consultants.
Our Partner brokers are supported by:
- A dedicated team of specialists with experience and expertise in international Insurance, Employee Benefits and Human Resources
- A worldwide network of 300 brokers and consultants, spanning 130 countries outside the United States, providing local services and support under the control and direction of the Globex account management team
Key Services
| Prospect Identification |
Assistance with identifying International Health & Benefits opportunities with your current/prospective accounts. |
| Benefits Assessment |
Customized global review and analysis of existing benefits arrangements against local trends, customs and benchmarks. |
| Plan Design | Identification and review of alternative plan design and risk financing strategies to meet customer needs. |
| Plan Marketing | Assistance with all marketing activity including vendor selection. |
| Plan Implementation | Assistance in the implementation with local servicing brokers and markets. |
| Plan Servicing | Coordination and management of ongoing service once the plan is implemented. |
| Plan Review & Evaluation | Coordination and assistance in all ongoing International communication and coordination. |
Specialty Products and Services
Globex Partner brokers can offer the full range of international Health & Benefits capabilities in virtually every country in the world. Key specialties include:
- Benefits Assessments (global or country-specific)
- Due Diligence benefits consulting for international Mergers & Acquisitions
- Human Resources Advisory and Outsourcing capabilities
- Local National group life, accident, disability and pension solutions
- Multinational Pooling analysis and program implementation
- Expatriate and Third Country National medical, life, accident, disability and pensions
- International Business Travel Accident, Medical and Voluntary AD&D coverage
- International Human Resources Consulting services
- Globally pooled Life and LTD plans
- War Risk travel accident and medical coverage
- International Keyman Life and Disability coverage
For More Information
Contact Don Wiening, Vice President and Director of Health & Benefits, to learn more about how you can become a Globex H&B Partner broker.