Mercer Short Duration Fixed Income Fund Class Y-3 · NASDAQ:MSDYX
Mercer Short Duration Fixed Income Fund Class Y-3 — Mercer Marsh Benefits — MMB Multinational Country Webinar Series (2021)
47 slides from Mercer Short Duration Fixed Income Fund Class Y-3's conference presentation, 2021
Slide 1: MMB Multinational Country Webinar Series
MMB Multinational Country Webinar Series
Slide 2: Today's Speakers
Today’s Speakers • Carmen joined Marsh Peru in 2000, with the position of Manager in Property and Casualty. • She currently holds the position of Local MMB Multinational Leader for Peru. Her main responsibilities include the new implementations of MMB Multinational local clients, supervise that the
Slide 3: Agenda
Agenda 1. Understanding the Market Environment 2. Social Security and Benefit Structure 3. Supplemental Employee Benefit Insurance 4. Typical Renewal Process 5. COVID-19 Situation Update 6. Mercer Marsh Benefits Capabilities 3
Slide 4: Understanding Benefits Market environment
Understanding Benefits Market environment
Slide 5: What comes to your mind when you think of Peru
Slide 6: Perú General information
Perú General information • Capital City: Lima • Language: Spanish • Currency: Soles peruanos • Current population: 33 million inhabitants • Life expectancy: 76.9 years average • General inflation: 4.9% for 2021 according to BCR Report. • GDP (year): In 2020 the GDP figure was 178,403M. • Unemploymen
Slide 7: Market Overview: Environment & Insurance regulations
Market Overview Environment & Insurance regulations “Bank & Insurance Superintendence” (SBS) All Insurance Policies are regulated by the • Insurance Premium rates can be based on the claims ratio, age or business the environment of Benefits? Challenges faced regarding • Increased life expectancy • M
Slide 8: Social Security & Benefits Structure
Social Security & Benefits Structure
Slide 9: Peru's Social Security Program
Peru’s Social Security Program o Private Care o Insurance Companies Healthcare o Public (Government) Care o EsSalud Social Security o Private Fund o AFP Pension o Public (Government) Fund o ONP
Slide 10: Peru Healthcare Highlights
Peru Healthcare Highlights Feature Medical Plan EPS Benefit Provider • Nearly all (91%) participant companies provide private medical benefits in addition to statutory benefits through Medical Plan EPS • Employees are able to select the private system through an EPS (Health Care Provider) instead of
Slide 11: Statutory group life insurance
Statutory group life insurance Coverages Sum Insured It’s a mandatory life policy that the company must contract and paid, in Natural Death 16 salaries favor of all the employees on the Accidental Death 32 salaries payroll, since their first day of work. Total and Permanent Disability due to Acciden
Slide 12: Work-related accidents and diseases
Work-related accidents and diseases • The SCTR is a compulsory insurance policy that provides regular members of the Social Health Insurance (EsSalud), employees or workers who perform high risk activities, coverage for occupational accidents and diseases. Workers Compensation Health Workers Compens
Slide 13: Supplemental employee benefits
Supplemental employee benefits
Slide 14: Most common benefits provided by companies
Most common benefits provided by companies Market prevalence 96% 96% 2017 2017 Health Insurance EPS 93% (EPS) 68% VidaLife Mandatory Ley 71% 2021: 100% Health Insurance Médico nacional (Individual) 55% 23% Employee paid Workers SCTR Compensation 53% 46% 2019 Oncology Oncológico 52% 28% Insurance 48%
Slide 15: Peru's Supplemental/typical benefits
Peru’s Supplemental/typical benefits Local employee benefit offerings have no changed significant in Perú; it is evident however that large and multinational companies provide their employees with comparatively comprehensive supplementary benefits. Benefits with contribution Are you planning to from
Slide 16: Benefits related to health: Medical Plans
Benefits related to health Medical Plans Total premium assumed by the company 100% 40% 81% - 99% 5% 51% - 80% 22% 20% - 50% 20% Menos de 20% 14% Source: 2019 Marsh Benefit Study
Slide 17: Typical renewal process
Typical renewal process
Slide 18: Standard renewal process timeline
Standard renewal process timeline TIMELINE 2-3 months 1 month before before Kick-off meeting Negotiation Renewal date Post-renewal • We present to the • Meeting with client to • Confirm • Coordinate client the latest present renewal insurance with client the ratio report. proposal company the diffus
Slide 19: COVID-19 Situation Update
COVID-19 Situation Update
Slide 20: Perú Overview
Perú Overview COVID-19 General description: • Country insights about COVID-19 • COVID-19 situation in Peru • Vaccination in Peru 20
Slide 21: Country insights about COVID-19
Country insights about COVID-19 Social Security Hospitals and also all the Private Insurance Companies are providing coverage for Covid-19. Insurance Policies cover 100% of hospitalizations and emergencies. New products were created to face COVID-19 for example coverage as indemnity amounts accordin
Slide 22: Covid Situation in Peru
Covid Situation in Peru Official information for November 13, 2021 * 53 502 Cases confirmed in the Hospital discharge last 24 hours 10 Deceased Accumulated information of the COVID-19 pandemic * Discharged persons * Confirmed Cases 2 194 1274 2 214 543 * Negative results Hospitalized 17 426 746 3416
Slide 23: Vaccination in Peru
Información oficial del día 2 de octubre de 2021 Vaccination in Peru Información acumulada de la pandemia COVID-19 1 1 dose f full vaccinated Laboratories 199 485 Número de fallecidos administered fully vaccinated % of population doses people fully vaccinated 37.8 16.5 M 50%
Slide 24: Mercer Marsh Benefits Capabilities
Mercer Marsh Benefits Capabilities
Slide 25: Support teams
Support teams Placement Claims Operations Client Health and Benefits GBM Specialist Advisory GBM will work with the client to integrate all The support and provide the Service. Legal copy goes here.
Slide 26: Local capabilities
Local capabilities Employee benefits such as: • Design and • Vive ReBien • Marketing, renewals and implementation of placement of insurance • Medical Plans EPS wellness programs • BenefitMap (meetings, comparison of quotes, renewal report, • Medical Policy for • Occupational risk • Marsh Care negoti
Slide 27: Legal copy goes here.
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Slide 28: MMB Multinational Country Webinar Series
MMB Multinational Country Webinar Series
Slide 29: Today's Speaker
Today’s Speaker • Bachelor degree in Internationals Relations, César joined MMC in 2016 as GBM local leader to enhace the relationship with the global clients. • 15 years of experience in banking and insurance industry • His main focus on MMC is provide consulting services on César Rengifo employee
Slide 30: Agenda
Agenda 1. Understanding the Market Environment 2. Social Security and Benefit Structure 3. Supplemental Employee Benefit Insurance 4. Typical Renewal Process 5. COVID-19 Situation Update 6. Mercer Marsh Benefits Capabilities 30
Slide 31: Understanding Benefits Market Environment
Understanding Benefits Market Environment
Slide 32: What comes to your mind when you think of Venezuela?
What comes to your mind when you think of Venezuela? 32
Slide 33: Venezuela General information
Venezuela General information • Capital City: Caracas • Language: Spanish • Current population: 32.605.837 • Life expectancy: 72,6 (2018 data) • General inflation: 2.358% (2020 data) • GDP (2020): 230 USD Billions • Key sectors: Oil 33
Slide 34: Market Overview: Environment & Insurance regulations
Market Overview Environment & Insurance regulations • Complex public health situation. • The insurance superintendency is the regulatory body for insurance companies • Outdated social security policies in Venezuela. • Increasing population • Commissions are regulated by Sudeseg, • Inflation in medic
Slide 35: Social security and benefits structure
Social security and benefits structure
Slide 36: Venezuela's Social Security Program
Venezuela’s Social Security Program Pension Plan Public Healthcare The public health system in Venezuela includes 5 projects that cover the health needs of the Venezuelan population, such as: • A percentage of the salary of every • Maternity program worker contributes to the plan • Rehab and mental
Slide 37: Supplemental employee benefits
Supplemental employee benefits
Slide 38: Venezuela's Supplemental/typical benefits
Venezuela’s Supplemental/typical benefits POLICIES DISTRIBUTION • Medical benefits supplemental Other Policies 14% • Prevalence: 100% Diverse Risk 5% Fire Eligibility: Employees and beneficiaries 3% Automobile 9% Healthcare Cost sharing: The most common trend is for 59% the employer to pay 100%
Slide 39: Most common benefits provided by companies
Most common benefits provided by companies Market prevalence 100% 100% 10% Supplemental life policy Medical benefit plan Dental care plan 100% Check-ups 70% Funerary policies Source: MMC Venezuela 39
Slide 40: Renewal process
Renewal process
Slide 41: Standard renewal process timeline
Standard renewal process timeline TIMELINE 3 month 2 month 1 month before before before Pre-renewal Negotiation Confirmation Renewal date Post-renewal • Kick-off Meeting • Negotiate the most • Market Proposals • Placement • Update policy • Review current efficient terms and documents • Confirmation
Slide 42: Covid-19 updates
Covid-19 updates
Slide 43: Venezuela Overview: COVID-19
Venezuela Overview Total Cases: 421.311 COVID-19 Total Deaths: 5.040 Total Vaccinated: 9.271.857 General description: % vaccinated: 32,61% Source: WHO • Mandatory health system coverage By law the coverage for Covid-19 from $1k to $ 25k covered by insurers. • Insurance coverage Pandemic is excluded
Slide 44: COVID Analytics
COVID Analytics 581 Cases 193 Cases 48% 6% 376 Cases 67 Cases 31% 6% Q2 Q1 2021 Q3 2020 2021 2021 USD 152.770 USD 200.627 USD 12.662 USD 19% 448.725 25% 2% 55% $817.661 $107.180 Represented 24% of Higher cost presented (Deseased) the incurred expenses $1.961 Emergency average Source: Marsh Venezuela
Slide 45: Mercer Marsh Benefits Capabilities
Mercer Marsh Benefits Capabilities
Slide 46: Local capabilities
Local capabilities • Support to HR and • Bnefits program design • GBM employee needs • Benchmarking and • MG+ • Provide ongoing daily trends support for claims, • BenefitMap enrollment and billing. • .Voluntary benefits • Claims resolution and • Remuneration structure. analysis • Employee communicat
Slide 47: Legal copy goes here.
@ MercerMarsh Beneficios
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