Mercer Short Duration Fixed Income Fund Class Y-3 · NASDAQ:MSDYX
Mercer Short Duration Fixed Income Fund Class Y-3 — Mercer Marsh Benefits — GBM Country Webinar Series (October 2021)
55 slides from Mercer Short Duration Fixed Income Fund Class Y-3's conference presentation, Oct 12, 2021
Slide 1: GBM Country Webinar Series
GBM Country Webinar Series October, 12th 2021 MMB Multinational, Argentina benefits that truly benefit
Slide 2: Today's Speaker Argentina
Today’s Speaker Argentina Ana Maria Rodriguez is a MMB Multinational Team Leader based in Buenos Aires, Argentina. Current Responsibilities As lead of GBM´s Team, Ana is responsible for coordinating employee benefits brokerage and related consultancy of multinational clients. Past Responsibilities A
Slide 3: Today's Speaker Argentina
Today’s Speaker Argentina Florencia Lopez is an MMB Multinational Specialist based in Buenos Aires, Argentina. Current Responsibilities As a specialist of the GBM Team, Florencia is responsible for helping to coordinate employee benefits brokerage and provide related consultancy of multinational cli
Slide 4: Today's Speaker Uruguay
Today’s Speaker Uruguay Alejandra is a MMB Leader based in Mercer Marsh Uruguay´s office. Current Responsibilities I have 9 Years experience working for Marsh and 20 years in the broking industry. MMB Leader Having joined Marsh 9 years ago focusing on the risk management and optimization of Alejandr
Slide 5: 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 5
Slide 6: Understanding Benefits Market environment
Understanding Benefits Market environment
Slide 7: What do you think Argentina and Uruguay have in common?
What do you think Argentina and Uruguay have in common? 7
Slide 8: 8
8
Slide 9: Argentina General information
Argentina General information • Capital City: Buenos Aires • Language: Spanish • Current population: 45.196 in thousands • Life expectancy: 76,9 years • General inflation: 2021 – 46.7% • GDP Growth: 5% • Unemployment rate: 11.4% • Healthcare inflation: 47.7% (2021) • Key sectors: Hi Tech, Constructi
Slide 10: Market Overview – Argentina
Market Overview – Argentina Environment Insurance regulations General description of social security • COVID-19 has had a significant impact on mental health across the globe. As a result, employee emotional well- Social security — that is comprised of health, being has risen rapidly up the corporat
Slide 11: Uruguay General information
Uruguay General information • Capital City: Montevideo • Language: Spanish • Current population: 3.543.025 • Life expectancy: 76 Years • General inflation: 7,3% • GDP (First Quarter): 10,8 % • Unemployment rate: 10,7 % • Healthcare inflation: 7,59% • Key sectors: Hi Tech,Agriculture,Livestock, Minin
Slide 12: Market Overview Environment & Regulations
Market Overview Environment & Regulations • Private health´s coverage are not mandatory in Uruguay. Apply individual contract. Companies offer Private Health as a benefits • Law N° 16.074: Establish compulsory • Group Life Coverage´s benefits are not insurance for occupational accidents or mandatory
Slide 13: Market overview Main causes of death
Market overview Main causes of death COVID-19 9% Circulatory Syistem Diseases 12% 29% Tumors (Neoplasias) Unknown Causes of Death 24% Respiratory Disease 26% 13
Slide 14: Social security and benefits structure
Social security and benefits structure
Slide 15: Argentina's Social Security Program
Argentina´s Social Security Program General Social Security System in Argentina HEALTH PENSION WC & Mandatory Life 15 Definitions: ART: Is an insurance company that is responsible for covering the expenses generated by accidents at work and occupational diseases, Administradora de Riesgos del Trabaj
Slide 16: Argentina's Social Security Program
Argentina’s Social Security Program Type of Plan / Collaborative System through mandatory Prevalence In Argentina, this insurance is mandatory Law contribution. 24.557 - is called “Riesgos del Trabajo” (ART); Eligible Employees Passive people (former active employee) and also all employees must have
Slide 17: Timeline | Argentine Regulatory Framework Covid19
Timeline | Argentine Regulatory Framework Covid19 Date: March 12, 2020: Date: March 17, 2020 : Date: March 20, 2020 : Date: March 21, 2020: Date: April14, 2020: Necessity & Urgency Decree Resolution 21/2020 Resolution 219/2020 Resolution 29/2020 Decree 367/2020 260/2020 Mandatory report of Ministry
Slide 18: Argentina's Social Security Program
Argentina’s Social Security Program Type of Plan Mandatory Life Insurance – Decree 1567/74. This plan is regulated by the government. • Regulated by Law 23.660.- Eligible Employees All active employees • Financed through mandatory contributions • Health coverage must be provided by the employer. Age
Slide 19: HealthCare
HealthCare Law in Argentina • In Argentina, the social system is formed by organizations called Obras Sociales for unionised and nonunionised staff which protects the health of workers and their immediate families. • All contributing dependant employees are eligible. Coverage includes the primary fa
Slide 20: Health Care System in Argentina
Health Care System in Argentina General Characteristics Public Prepaid Obra Social System Company Financing Taxes Mandatory Contributions Monthly Fee Providers Public Hospitals Clinics & Hospitals Catastrophic insurance N/A APE (Special Programs Administration) Eligibility Whole population Employees
Slide 21: Health Care System in Argentina
Health Care System in Argentina Clients Public System Competitors Prepaid Only 16% Companies of the Argentinian Population has • Corporate clients • Individual clients access to Private • Public Hospitals Medical Coverage • Regulations • Insurance Companies Obras Sociales • Community Hospitals . Pro
Slide 22: Health Care System in Argentina Corporate financing system
Health Care System in Argentina Corporate financing system Employee – Employer Mandatory Contributions 9% of the monthly gross salary ANSSAL FSR Financing of high cost and low frequency 80% 85% practices Hierarchical unionized OS Employees and their OS familiar groups can freely choose their Obra So
Slide 23: Health Care System in Argentina Mandatory Contributions
Health Care System in Argentina Mandatory Contributions CONCEPTS ACTUAL Employee´s contributions cap USD 2.837 % of employee´s contributions 3% Employer´s contributions cap Without cap % of employer´s contributions 6% Eligibility Blue and White Collar Employees *Effective date: Salaries accrued from
Slide 24: HealthCare
HealthCare Fluctuation of Mandatory Contributions with reference to Medical Coverage in Argentina $ Prepaid companies increase their cost according to medical inflation and governement authorization Months
Slide 25: Administration of Medical Plan
Administration of Medical Plan HealthCare benefit High grade of Importance for employee and family group One of the costlier benefits in the market , not easily changed or managed Two important characteristics of health care benefit in Argentina
Slide 26: Health Care System in Argentina
Health Care System in Argentina Private Market Share Leader Prepaid Companies: Osde, Swiss Medical, Galeno, Omint, Medife & Sancor are the main prepaid companies in Argentina. They have almost 50% of White collar employees, more than 75% of the total number of affiliates and 68% of billing. Source:
Slide 27: HealthCare
HealthCare Who may be included in the family group? Primary Family Group: • Son/daughter (up to 20 years old) • Children from 21 and up to 25 years old who study in an officially recognized institution and do not work. • Children 26 and older cannot remain in the parent’s family group coverage. • Di
Slide 28: Uruguay
Uruguay
Slide 29: General Social Security System in Uruguay
Uruguay’s Social Security Program General Social Security System in Uruguay Health Workers Retirement By FONASA Compensantion It is mandatory: Art. 1º Law 16.074 .- "The insurance on Social Insurance (BPS) Occupational Accidents and Private health´s coverage are not Individual account (AFAP) Disease
Slide 30: Uruguay's Social Security Program
Uruguay’s Social Employee Fonasa Deduction (%) Security Program Only employee 4,5% FONASA Employee and Children 6% Employee with spouse 6,5% SNIS was introduced in Jan. 2008 to integrate the Employee With Spouse & children 8% public and private systems and ensure that similar cover is available to a
Slide 31: Uruguay's Social Security Program
Uruguay’s Social Security Program Type of Plan / Prevalence Social Insurance (BPS) Individual account (AFAP) Eligible Employees Covers all employees (including self-employed, • It is mandatory: Art. 1º Law 16.074 .- "The rural and domestic workers) insurance on Occupational Accidents and Diseases pr
Slide 32: Uruguay's Overview COVID-19
Uruguay’s Overview COVID-19 Insurance coverage • Health insurance companies and prepaid medicine companies have communicated they have no restriction. Nevertheless, preexisting condition exclusions still apply. • The basic life coverage is not restricted (Only One company exclude Covid-19 for new po
Slide 33: Uruguay's Health Private Coverage
Uruguay’s Health Private Coverage Additional Health Plans Features Offer by Individual Health employee Companies can Companies as a Voluntary deducted Contracts requirement to apply Beneffit FONASA Prepaid Medicine National International Coverage Coverage Contract Contract 33
Slide 34: Private Health in Uruguay
Private Health in Uruguay Market Share 28% 42% 30% Source: Sinadi 2021
Slide 35: Supplemental employee benefits
Supplemental employee benefits
Slide 36: Which Benefits do you think are more prevalent in Argentina & Uruguay?
Which Benefits do you think are more prevalent in Argentina & Uruguay?
Slide 37: Most common benefits provided by companies in Argentina & Uruguay
Most common benefits provided by companies in Argentina & Uruguay Market prevalence 98% 73% 63% Medical benefit plan Training & Languages Bono internet 57% Gym Benefit 53% Lunch 34% EAP – Employee Assistance Program Survey: Monetary Benefits 217 companies. September 2021 33% 25% Mindfulness & Yoga M
Slide 38: Flexibility Argentina & Uruguay
Flexibility Argentina & Uruguay Benefits related to time flexibility TIME FLEX ADDITIONAL DAYS WORK LIFE BALANCE • 73% Full time • 65% Paternity Leave • 81% Maternity schedule Home Office • 48% Days for personal flexibility • 67% Part time matter • 71% End of year day off Home Office • 48% Extra leg
Slide 39: Working Tools from remote work
Working Tools from remote work 100% 75% 65% LAPTOP MOUSE & KEYBORAD ERGONOMIC CHAIR 63% INTERNET & HEADSET ELECTRICITY 69% 58 % 42 % CELLPHONES TRANSPORT PLANS F O R O C C A S I O N A L V I S I T T O T H E C O M P A N Y 42% HYGIENE KIT
Slide 40: New Insured benefit trends Argentina
New Insured benefit trends Argentina COVID-19 – TRAVELLER ASSISTANCE (CORE BENEFITS OR VOLUNTARY) INCREASE SUPPLEMENTAL LIFE INSURANCE & BURIAL INSURANCE GROUP LIFE LABOR AGREEMENT PROTECTION
Slide 41: Uruguay
Uruguay
Slide 42: Life policy Main Insurers
Life policy Main Insurers 42 Source: General Benchmark 2020
Slide 43: International Pooling Network
International Pooling Network COMPANY POOL NETWORK METLIFE MAXIS MAPFRE IGP-GENERALI HDI ZURICH 43
Slide 44: Typical renewal process
Typical renewal process
Slide 45: Standard renewal process timeline
Standard renewal process timeline Argentina & Uruguay 4-3 months prior 3 - 2 months prior 1 month 2 weeks 1 – 2 months after to renewal date to renewal date before before Renewal date Pre Renewal Negotiation Renewal Meeting Decision making Post-renewal • Kick –off meeting • Negotiate the most • Pres
Slide 46: Covid-19 updates
Covid-19 updates
Slide 47: Argentina's Overview COVID-19
Argentina’s Overview COVID-19 Testing is widely available in government facilities as well as the private sector. Employers may make Vaccination Rate: agreements with private providers. PCR and antigen 66.12% with one dose tests are available. 51.52% with two doses Source: Ministerio de Salud Public
Slide 48: Uruguay
Uruguay
Slide 49: Uruguay's Overview COVID-19
Uruguay’s Overview COVID-19 General description: Country situation • In Uruguay, We have overcome the second wave, unfortunately second wave have taken 6054 lives. Now we are in a phase of re-opening with 0 Deaths and 179 new cases Population Vaccinated : Current population : 3.543.025 79% with one
Slide 50: Mercer Marsh Benefits Capabilities
Mercer Marsh Benefits Capabilities
Slide 51: Local Capabilities
Local Capabilities MMB Argentina & Uruguay PLAN DESIGN PLACEMENT IMPLEMENTATION • Review of benefits in place • Market research & go to the market • Policy documents review • Analysis of client’s priorities and • Renewal deck comparison • Renewal endorsement revision corporate benefits philosophy •
Slide 52: New Health Management Solutions – Additional Benefits Argentina
New Health Management Solutions – Addittional Benefits Argentina EAP HEALTH EMPLOYEE ASSISTANCE PROGRAM MENTAL HEALTH COVID TESTING NEW SOLUTIONS 2021 TELEMEDICINE COMMUNICATION CAMPAIGNE Psicología online
Slide 53: Client connect
Client connect MERCER MARSH BENEFITS MARSH We provide a strategic approach for managing human Risk advisory and insurance brokerage leader. capital associated risks We create customized solutions for our clients’ risks to contribute to the success and protection of their business. WHAT WE DO • Desig
Slide 54: Q&A
Q&A
Slide 55: @MercerMarsh
@ MercerMarsh Beneficios
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