Download to read offline
Uploaded byRamon de Jesus Hernandez
The Contour Series_agent
This document describes the Contour Group Medical Insurance Plan, an international group health insurance product. It is provided by Lloyd's of London through their managing general underwriter Azimuth Risk Solutions. The plan offers comprehensive health benefits for groups of 3 or more employees located both inside and outside the US. Agents are encouraged to sell the plan due to the large market potential, high quality of coverage, and stability of the insurer. The claims process involves networks of providers in the US and precertification of services outside the US to arrange direct settlement when possible.
More Related Content
The Contour Series_agent
- 1. The Contour Series InternationalGroup Medical Insurance that is “Going Your Way”
- 2. Why Would AnyoneWant International Group Benefits? • First and foremost is to attract and retain qualified employees • It is particularly expensive to employ an expatriate • Many times the position of expat is not that attractive
- 3. Why Sell ContourGroup Insurance? • Vast market – with business, even in challenging financial times, becoming more global, international benefits provide a wealth of opportunity for the producer • Product Quality – the Contour Series Offers the Most for the Money Available • Insurer Stability – Lloyd’s, London is the Most Recognized Insurance Name in the World and Highly Stable Means Instant Credibility • Service-First Culture of Azimuth Risk Solutions Means Satisfied Clients
- 4. Who Is AzimuthRisk Solutions, LLC • Managing General Underwriter for Lloyd’s, London • Service-First Culture for Agents and Clients • Designs, Develops, Administers, Claims Payment, Client Service, Underwriting on Behalf of Lloyd’s • Staff Has 30+ Years Experience in International Market • Based in Indianapolis, Indiana, USA
- 5. Who Is Lloyd’s,London • Oldest and Largest Insurance Market in the World • 320+ Year Record of Paying Every Eligible Claim Presented • “A” Rated by A.M. Best and Standard & Poors • Lead Syndicate for Azimuth Risk Solutions, LLC is Kiln/Mathers, Plc.
- 6. What is theContour Group Medical Insurance Plan? • Available to Groups of 3+ • Requires 80% participation of the eligible group • Eligible group may be composed of a carve out • Choice of Overall Maximum Limits from $1 to $5 Million standard, as well as deductibles from $250 up to $10,000 • Takeover provision available
- 7. What Are theBenefits? • In/Outpatient Care • Prescription Drugs • Human organ transplants • Intensive Care • Maternity benefits • Local Ambulance Charges • Emergency Medical Evacuation • Repatriation of Remains • Vision benefits • Accidental Death & Dismemberment/Term Life Optional • Dental coverage available
- 8. How Would itWork? • Completed Request for Proposal form sent to Azimuth • If a takeover provision is desired, three years loss history and last month’s billing statement provided • Quotation provided by Azimuth – within 5 business days • Quotation accepted by client • Individual enrollment forms completed • Group application completed and returned with a premium for 1/12 of the annual premium amount • Fulfillment sent to agent for delivery to client
- 9. Claims Handling • Inthe US, MultiPlan Network ( www.multiplan.com) with over 450,000 healthcare providers available • Outside the US, Precertification Allows Azimuth to Arrange for Direct Settlement in Most Instances • If Claim is Settled by Client, Reimbursement Within 10 Business Days
- 10. Thank You! We lookforward to working with you. Let’s get things “Going Your Way”
Editor's Notes
- #3 Imagine the attractiveness of working for an organization which values its employees to the extent they will empower them to access the best medical care for the employee and his family, anywhere in the world Remember what’s involved in creating an expat position: companies must plan for physical space and equipment, salary, relocation, IT resources and so on. Now, consider the employee. Let’s say he is a man with a wife and two young children. He is removed from his familiar surroundings, outside of the central nervous system of the company headquarters (and the profile/career advancement that comes along with the proximity to decision takers), his wife and children must adapt to an unfamiliar culture, potentially isolating and a myriad of other adjustments. Now, let’s throw in one of the kids getting sick. Medical benefits haven’t been planned for and the family is now reliant upon the social medical system of the host country, many times which can be found wanting. The upshot of all this is that there is a massive capital outlay on the part of the employer, so keeping the employee happy by providing the best in medical benefits is cheap insurance on their investment in human capital.
- #6 Lloyd’s is an insurance market, not an insurance company. Azimuth places business with Kiln/Mathers Syndicates 807 and 308. Kiln has been awarded multiple times the distinction of Top Managing Agency within the Lloyd’s market. Kiln/Mathers is wholly owned by Tokio Marine, a holding company for global insurance operations, including Japan’s oldest and largest property and casualty insurer.
- #7 Provided that we can obtain prior 3 years loss history, copy of last month’s billing statement and the group is desirable by underwriters, we would offer a takeover provision to accept existing conditions with no waiting period for existing employees
- #10 Clients will soon also be able to view claims status via www.azimuthrisk.com once integration between Korak and Azimuth is complete