华信惠悦 - Managing employee benefits risks.pptVIP

Managing employee benefits risks Peter Eyre Watson Wyatt Watson Wyatt survey of insured employee benefits risk exclusions Watson Wyatt survey of insured employee benefits risk exclusions Watson Wyatt survey of insured employee benefits risk exclusions Meet Jim Jim reads the about the catastrophes in the news …..and news from Southern Asia Smallpox : a new outbreak throughout Asia E mail from HR Head Office to Asia Tom, We are all thinking of you during this terrible time. I’m going to put a note to the Board, but before I do I wanted to hear from you on the latest position on vaccinations. I’ll also be checking with our insurers that everyone has the cover they need during this difficult time. You might like to see how your insurance policies deal with this. Kind regards Jim E mail from HR Asia Jim. thanks for your e mail and for your concern, yes things are bad, heres the updated news; Out of nearly 1600 employees, we have 32 staff hospitalised in Japan, so far 5 deaths and Im told at least 6 others will not be returning to work. There’s no vaccination currently available for this disease Jim, Ive checked with the insurers. Japan, Malaysia and Indonesia are not covered for terrorism. Basically we’re not covered for life insurance, medical and disability for our employees and the costs are mounting up. Here’s my estimate so far….. Tom Claims summary E mail from Jim’s boss Jim We seem to have a problem in Asia with the bio- terrorism attack and with vaccination supplies. You’ve seen the news. I just wanted to check; What is our exposure in Asia? Is this covered by Catastrophe or terrorism insurance? What will happen to these losses? I look forward to hearing from you Regards Eddie E mail from Jim to his boss Eddie, thanks for your e mail. We have no terrorism cover in Japan, Indonesia and Malaysia on any of our insured plans. Our claims are roughly US$ 4.7m so far, with an average of US$ 108,000 per claim. This seems to be increasing as claims come in. We