Employee Benefits Risk Management 2020 – the importance of collaboration
Please note that the date of this conference has been moved to Wednesday 3 June 2020.
As the ‘battle for talent’ increases, multinational companies are waking up to the fact that employee benefits need to be procured, organised and managed in a more consistent and cost-efficient manner than in the past.
It is increasingly clear that most benefits can be organised in one seamless and centrally managed global insurance programme that ensures that all benefits are procured and managed in the most efficient and cost-effective manner possible.
The key to making this work is effective collaboration between HR, risk and insurance management and other departments such as legal and compliance. It is also about understanding and the sharing of knowledge.
Commercial Risk will bring together a group of experts at a one-day conference to discuss why it makes sense to procure and manage employee benefits within a centrally managed global insurance programme and how HR and risk and insurance management teams could and should work together.
Commercial Risk Europe
This session will explore the rise of collaboration between HR executives and their risk management colleagues to provide Employee Benefits financing strategies that deliver the best deal possible for both employees and employers alike.
• How are HR and risk management departments working together to manage employee benefits?
• What opportunities can this offer and how is the process best managed?
• What challenges have we seen for HR executives and for risk management executives?
• Who needs to lead the process and hold ultimate responsibility?
This session will involve the HR and risk management teams of BT Group to explore the process the company undertook to change its strategy.
• What did BT do and what was the objective?
• How did they measure success? Who was involved in the process and what was the role of the HR team and the risk management teams?
• Who managed the process and what measures were adopted to ensure clear lines of communication?
• What lessons did they learn along the way/what would they do differently?
• How can HR managers work with risk and insurance managers to achieve the best risk financing result for the company and for employees?
• Why could and should employee benefits be included within the global insurance programme?
• What is a global programme, how do they work and why does adding employee benefits risks makes sense?
• Why do companies use global programmes to centrally purchase and manage their property and casualty risks rather than allowing local managers to buy coverage locally?
• What risks are typically included within global programmes and which are typically excluded and why?
• How are global programmes typically structured to achieve maximum coverage at minimum cost?
How effectively companies manage their risks often separates successful companies from those that fail. Therefore, corporate governance is viewed as increasingly critical to a company’s long-term success.
Annual costs of benefit programmes, and legacy liabilities, often make up a significant portion of operating costs and balance sheets for many companies. So it is hardly surprising that boards and senior management of multinationals are concerned about the increasing costs and risks of their global benefit programmes.
The impact of economic downturns in recent years on pension liabilities, rising costs of healthcare and government legislation have driven many companies to consider transferring benefits related risks to third parties and/or to employees.
• What is good governance and how should it be managed and measured?
• What key challenges are companies facing in managing their global benefit programmes? Are the relevant processes in place? Is the relevant information and benefits data available?
• What are the execution challenges?
Speaker information will be announced at a later date.
Commercial Risk Europe
For sponsor or speaker information, please contact Stewart Brown [email protected]
For speaker opportunities, please contact Stewart Brown [email protected]
For sponsor opportunities, please contact Stewart Brown [email protected]
Risk and Insurance Managers - Free to attend
All other delegates - £400 (+ VAT where applicable)
You will be taken to an external site to complete your registration. Payment can be taken in GBP and €, however will be processed via WorldPay using GBP.