 Welcome to the first edition of Compass Benefits, the quarterly newsletter of JLT Asia’s Employee Benefits Division.
In this issue, we focus on an area of risk that is a relatively new concern for many of Asia’s employers – the provision of healthcare to employees. Before the current economic crisis, during the years of growth, when the war for talent was fierce, healthcare was seen as a means to attract and retain staff, as well as to be a socially responsible employer.
At the same time, medical inflation across most of the world has outstripped economic inflation, and as the financial crisis bites home, this obligation to employees is increasingly being put to the test.
JLT has qualified medical professionals on staff.
The good news
On the bright side, there is still a great deal that can be done to identify, control, and manage the risks, and there are still underwriters prepared to help.
JLT’s role in this is dual:
| Assist to identify the drivers of health issues for your workforce and introduce methods to reduce the associated costs; |
| Provide highly efficient structures to finance medical costs, through the introduction of appropriate scheme rules, administration procedures, and co-payment/deductible arrangements. |
What you stand to gain
Our focus will be on achieving the most optimal returns for you from the insurance market. JLT has qualified medical professionals on staff to provide health and wellness consulting, as well as brokers to provide insurance consulting.
The depth and breadth of our expertise combined with the length of our experience, both in Asia and globally, means that we can design cost-effective healthcare programmes that meet your objectives and budget.
As the issues facing employers differ from country to country, industry to industry and company to company, we would like to encourage you to contact us to discuss your specific concerns. We will help you to define your objectives and deliver the appropriate solutions for you and your employees, so that truly everyone benefits.
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