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August 14, 2014

Providing employee benefits worldwide with one point of contact

Securian uses pooling to streamline global group life insurance coverage for multinational employers

ST. PAUL, Minn.--(BUSINESS WIRE)--The complexity of providing comparable and local market-appropriate benefits to employees scattered across the globe is simplified with a multinational pooling strategy offered by group life insurers Minnesota Life and Securian Life, insurance company affiliates of Securian Financial Group.

“U.S. employers consider international employees critical to their businesses1 but may not have recently reviewed their arrangements for insuring those employees,” said Von Peterson, senior vice president, Group Insurance. “With our program, they can provide benefits for international employees with the same level of service their U.S. employees receive.”

Zurich Employee Benefit Network (ZEBN) is Securian’s partner in the multinational pooling program and coordinates coverage for employees through a network of local employee benefit insurers present in more than 110 countries. ZEBN, owned by Zurich Insurance Group, works on a reinsurance basis which offers better coordination for underwriting and pricing and is an essential component of market-leading captive capabilities for global employee benefit programs.

“Multinational pooling provides critical benefits management and financing improvements, including risk management, to companies with employees worldwide,” said Lance Henderson, head of sales and relationship management, Zurich Employee Benefit Network. “It spreads the risk across employee groups in multiple countries which leads to lower costs and more favorable underwriting conditions.”

Additional benefits of the Securian-ZEBN partnership include:

  • A single point of contact, providing high quality, consistent service for employees in every country
  • Information about employee benefit plans and their usage
  • Better cost control and cost containment through global purchasing power
About Securian Financial Group

Since 1880, Securian Financial Group and its affiliates have provided financial security for individuals and businesses in the form of insurance, investments and retirement plans. Now one of the nation’s largest financial services providers, Securian is the holding company parent of a group of companies that offer a broad range of financial services.

Insurance products are issued by Minnesota Life Insurance Company in 49 states. In New York, products are issued by Securian Life Insurance Company, a New York authorized insurer. Both companies are headquartered in Saint Paul, MN and each insurer is solely responsible for the financial obligations under the policies and contracts it issues. Product availability and features may vary by state. 
Minnesota Life Insurance Company and Securian Life Insurance Company are not affiliated with Zurich Life Insurance Company Ltd or Zurich American Life Insurance Company. Zurich Life Insurance Company Ltd and Zurich American Life Insurance Company are solely responsible for the financial obligations under the policies or contracts they issue. Zurich Life Insurance Company Ltd does not issue policies or contracts in the United States.
1. Securian/Minnesota Life International Employee Benefits Study, March 2012

DOFU 8-2014 A04285-0814

Contact Info

Jeff Bakken

Media Relations