AIG Global Benefits Network

Our pooling solutions

Our pooling solutions

Loss Carry Forward

Under the LCF system any overall negative balance in a given year is carried forward to the next accounting period.  This continues until the loss is fully recouped.

Minimum Requirements:

  • Poolable group cover with network insurers in at least two countries
  • Covering at least 300 insured lives

Settlement of Dividends

  • Annually for groups with a minimum of 500 lives
  • Every second year for groups with 300 to 500 lives

Limited Loss Carry Forward

Under the LLCF system any overall negative balance in a given year is carried forward to the next accounting period.  This carry forward period is limited in time (3-5 years), after which the total accumulated loss is waived.  For this type of protection, an annual stop loss charge is taken into account.  This charge is deducted from the positive balance prior to the dividend payment.  It is collected  only if the pooling results are sufficient.

Minimum Requirements:

  • Poolable group cover with network insurers in at least two countries
  • Covering at least 500 insured lives

Settlement of Dividends

  • Annually for groups with a minimum of 500 lives

Full stop loss

Under the FSL system any overall negative balance at the end of the rating period is waived.  For this type of protection  an annual  stop loss is charged.  This charge is deducted from the positive balance prior to the dividend payment.  It is collected  only if the pooling results are sufficient.

Minimum Requirements:

  • Poolable group cover with network insurers in at least two countries
  • Covering at least 1,000 insured lives

Settlement of Dividends

  • Annually for groups with a minimum of 1,000 lives

Multinational Aggregate Pooling System (MAPS)

Small Groups Pool or Multi Employer System

Under the MAPS pool the experience of a number of smaller companies is combined into one larger pool, allowing for better spreading of risk and providing economies of scale.  The pool has full stop loss protection so losses are waived at the end of each accounting year.

Minimum Requirements

  • Poolable group cover with network insurers in at least two countries
  • Covering at least 50 insured lives

Settlement of Dividends

  • Annually
  • Aggregate Share is applied to compensate negative balance from other companies, including the stop loss charge