Multinational pooling gives companies with overseas operations the opportunity of reducing their costs by pooling their employee benefits insurance through a worldwide network of insurers.
Policies are insured locally taking advantage of local competition and terms. Premiums and claims are amalgamated for the whole pool to produce a possible overall profit share at the end of the accounting period. There is no additional cost in joining a pool arrangement.
All Net was founded in 1996 with its headquarters in Stuttgart, Germany. It is one of the largest networks in the world with partners in over 80 countries. It is wholly owned by the Allianz Group, which is one of the leading integrated financial services providers in the world with over 75 million customers.
The All Net network offers the best of both worlds in that it utilises Allianz subsidiaries where they have market strength but also augments this with leading insurers in other territories to gain maximum geographical coverage.
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