Money Moves

Employee benefits under discussion

By Mary Chau

This is a fortnightly series of articles focusing on the banking and financial industries

Multinational companies are finding that one way to achieve greater cost effectiveness in employee benefits is by following the current trend towards pooling arrangements. This will, therefore, be one of the main themes of the 7th Insurope Asia Pacific Conference being organised by Manulife (International) Limited and taking place in Hong Kong on 20 October.

"The conference will provide an introduction to the idea of multinational pooling," says Heidi Ng, manager, employee benefits distribution, Manulife (International) Limited. "It will also illustrate how multinationals or Hong Kong companies can integrate their Asia Pacific employee benefits with insurance coverage under the programme, and how this can provide a number of advantages."

This year's event will be bigger than ever and the speakers will all be experienced industry figures. As Ms Ng says, "The conference is designed to bring together people with senior level responsibility for employee benefit issues. Attendees will include professionals in risk management, finance and human resources from a range of companies, as well as legal experts and international consultants in the field of employee benefits."

Insurope's executive board members from around the world have also been invited to take part. They are expected to address themes with particular relevance for the Asia Pacific region and to focus on industry developments in Hong Kong and Greater China. "The provision of benefits which give proper medical cover is a major issue at present," says Ms Ng, "and that is sure to get special attention."

As in previous years, the conference will also cover international group employee benefit issues and effective tools for financing. Real-life examples of multinational pooling will be used for added clarity. "Items on Insurope's products, performance and reaction to a changing benefits market will also be on the agenda," Ms Ng says.

Taken from Career Times 02 October 2004, p. 2
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