SERVICE TO SET UP / PROVIDE CONSULTING ON THE OPERATION OF FRATERNAL BENEFIT BENEFIT SCHEME
Service for entities like these:
An entity that manages a (business) union / association
An entity that hopes to set up a business union by industry or community
An entity that hopes to construct a medical scheme such as insurance as the welfare program for its employees through setting up a fraternal benefit association within it
Overview of service
We will propose various forms depending on expected risks and the size of your business.
１） Become the underwriter (the side that provides warranty) and set up a small-amount / short-term insurance company, authorized fraternity benefit association, in-house fraternity benefit association (inter-company, etc.) or warrantee company to provide the warranty
２）Construct an organization, not becoming the underwriter, with insurance companies managing the warranty
We will review the advantages / disadvantages that the operation of the organization will entail to propose the best form of organization.
Supporting application / approval operations in setting up a fraternal benefit association
Developing products in collaboration with actuaries
Supporting the introduction of administrative systems for entire insurance operations
Arrangement of reinsurance
Acting supports of contracts and settlement related to reinsurance
Advantages to use our service to set up / provide consulting on the operation of fraternal benefit scheme
Building your own welfare program for employees through an intercompany fraternal benefit system is possible
Designing / providing products with a higher degree of freedom is possible in collaboration with actuaries
Creating a highly credible organization or products is possible with the backup of the world reinsurance market
Development of a fraternal benefit association for employee to support their welfare
A medical fraternal benefit program for the welfare of group employees of a corporation that expands its businesses globally
As there was only the social welfare stipulated by the related law before implementing it, employees had to shoulder 30% of their medical experience, but after implementing the medical fraternal benefit program for the welfare of entire group employees, the amount they have to shoulder for hospitalization / going to a hospital for an accident has decreased, having greatly boosted the employee satisfaction. As employees in all the branches in the whole world can join it, the stresses of theirs also have been mitigated, having improved HR management to be a smooth one.
Development of new products as a marketing tool for an authorized fraternal benefit association
A fraternal benefit association that stemmed from a union for individual business owners has provided fraternal benefits for injury / medicine to its union members.
We have consulted on the contents of existing product in terms of not only actuarial math but also marketing to develop competitive products in the fraternal benefit market.
For the following companies please contact us
Businesses or organisations which operate and/or work with cooperatives.
Businesses and or organisations which hope to set up with other cooperatives.
Companies wanting to setting up insurance as a welfare benefit for their employees.