Lockton CLP Global Benefits Forum | Chicago | 8th May 2017
Session: New Insights into Evolving Employee Benefits Risk

In this interactive session with more than 120 participants, Zurich representatives together with Professor Gordon Clark provided highlights from the third and final stage of its Income Protection Gap study (a three year initiative in collaboration with Oxford University) to show how changing economies and a broad spectrum of global risks are impacting both social and employer-sponsored benefits schemes. Zurich's dynamic Risk Room technology was used to show how careful risk analysis can help corporate decision-makers assess and mitigate staff-related risks.

Lockton CLP Global Benefits Forum | London | 13th and 14th June 2017
Session: 'Income Protection Gaps, the Rising Challenge and the Evolution, in Employee Benefits Solutions for Multinational Corporations'

Professor Gordon Clark and Paolo Marini (Director Global Customer and Distribution Management, Zurich Insurance) discussed some of the main trends in the industry and the corresponding evolutions required by multinational customers. The session highlighted findings from reports and surveys on the risks that are currently impacting the employee benefits landscape. They focussed on employee benefits as a differentiator for corporations as well as on the path towards centralized financing of global plans allowing multinational corporations to have a holistic view of its risks. They discussd one challenge in particular, the income protection gap, and the most effective solutions needed to address this growing threat.

The European Pillar of Social Rights | Brussels | 12th October 2017
What's Next for Social Protection and Inclusion

In April, the European Commission adopted the European Pillar of Social Rights to guide a renewed process towards better working and living conditions in Europe. After the promised 'Triple A' Social Europe by President Juncker in 2014, the expectations were high. One of the main categories of the pillar is social protection and inclusion. While the category covers issues such as unemployment benefits, support for children, pensions and health care, access to essential services, it fails to address the risk of inadequate protection provided for household income against ill-health, disability or premature death.

A report by Zurich and the Smith School of Enterprise and the Environment at Oxford University shows that due to these so-called 'Income Protection Gaps' the EU faces increasing societal and economic problems ranging from productivity losses and extra strain on welfare systems to a reduction in tax income.

Organised by EURACTIV participants were invited to discuss the social protection and inclusion category of the European Pillar of Social Rights by addressing the following questions:

  • Which aspects of the Pillar should be further considered to effectively press member states to make the right changes?
  • How can the proposed measures be implemented effectively?
  • How does tackling income protection gaps fit within the pillar?
  • What is the role of insurers, employers, social partners and civil society in providing social protection and inclusion?