Highlighting Partnership and focusing on Multinational Pooling
Union Insurance Company, a leading provider of innovative customer-focused insurance products to individuals and organizations in the region, held “Employee Benefit and Multinational Pooling” seminar in cooperation with Insurope, one of the leading multinational networks in the world.
The seminar, which attracted prospective clients and representatives from leading local and international brokers, highlighted the partnership between Union Insurance and Insurope and focused on the many potential advantages multinational pooling brings.
As an attractive financing mechanism, multinational pooling can benefit not just MNCs but also the growing number of UAE local companies which have subsidiaries in other geographical zones. When companies pool their employee benefits plans across countries, they benefit from improved risk management, uniform service standards and most importantly financial savings resulting from dividend sharing, cost efficiencies and more favourable terms and conditions.
Early this year, Insurope has selected Union Insurance as its partner in the UAE bringing the latter’s extensive expertise and strong local knowledge to the benefit of Insurope’s growing customer base.
About Union Insurance Company
Established in 1998 and listed on the Abu Dhabi Securities Exchange, Union Insurance Company is regulated by the UAE Insurance Authority and has a paid up capital of AED 330.9 million.
Insurope is one of the leading multinational networks in the world for 45 years and is recognized as a strong multinational pooling network with high service standards, flexible solutions and strong local Network Members. Through the Insurope Multinational Network of insurance companies they offer access to local expertise in employee benefits in over 80 countries. They have a portfolio of 660 multinational pools containing 4400 contracts worldwide with over 800 million EUR in pooled premium.
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