We make a world of difference to people’s lives by providing exceptional employee benefits that are simple, transparent and accessible. Based on our specialist expertise and experience, versatility and exceptional service.
As Ireland’s only specialist Group Risk provider, Utmost PanEurope currently protects over 250,000 Irish employees of over 300 of the largest employer groups. We work in partnership with Irish employers of all sizes and across all industry sectors to put in place market-leading Group Risk solutions that meet the evolving needs of their businesses and their employees.
Relative to other types of Corporate Solutions, Group Risk benefits are inexpensive for employers to offer. They are a key element of any remuneration package as they help to attract and retain high-calibre employees, especially in an active jobs market.
We provide three main Group Risk products:
This product is one of the most common benefits provided by employers. It pays a lump sum to the beneficiaries of an employee in the event of death. The benefit can be a multiple of salary or a fixed amount.
We also offer additional benefits which can be built in to an employer’s Group Life plan.
This benefit provides employees with a continued source of income if they are absent from work due to illness or accident. The benefit, which is usually expressed as a proportion of salary, becomes payable after a set period of time, usually 3 or 6 months. It is paid until the employee recovers, or, should the employee never be able to return to work it may be paid until the earlier of retirement or death.
Alternatively an employer may choose ‘Limited Term Disability’ cover which means that the benefit payments are paid until the employee recovers or for a maximum period of time.
An employer can also choose to further protect their employees by adding ‘Total and Permanent Disability’ to the plan. This pays a lump sum to an employee if they become totally, permanently and irreversibly disabled. Permanent Partial Disability cover is also available.
With the escalating costs of healthcare, dealing with a serious illness can be financially draining. Critical Illness cover is a very effective protection against these costs as it pays a lump sum to an employee upon diagnosis of one of a specified range of illnesses.
We also offer Additional benefits that can be built in to an employer’s Group Risk plan. These include spouse’s and children’s pension, lump sum benefits on accidental death and dismemberment as well as cover that ensures premium payments are continued in the event of an employee’s long term disability.
Flexible Benefit Plans
The majority of corporate Group Risk benefits offered by Irish employers are compulsory for employees as the cost is paid by the employer, based on defined eligibility conditions.
Utmost Corporate Solutions also offers flexibility and choice to employees on employer sponsored schemes across all benefits covered. It allows employers to offer their employees choice as the traditional one size fits all approach does not always meet the requirements of a diverse workforce. It facilitates employees to top up their benefits, to suit their personal circumstances. From the employers’ perspective, this can have a significant effect on recruitment and retention as well as having a positive impact on overall staff engagement, morale and loyalty.
Voluntary Group Risk schemes
We can also arrange voluntary Group Risk schemes whereby employees or members of an affinity group can opt to join the scheme if they value one or more of the benefits on offer.
Global insight, tailored solutions
Utmost PanEurope is part of the Generali Corporate Solutions Network (GEB). GEB is a global leader in the Corporate Solutions market, serving more than 1,500 multinational companies in more than 100 countries around the world.
We are therefore uniquely positioned to meet the needs of employers with multinational Group Risk requirements. Our dedicated and experienced Group Risk team, coupled with the global strength of GEB, enables us to offer unparalleled solutions to our business partners and clients.
Utmost Corporate Solutions –
Specialist Group Risk providers.
We work in partnership with Irish employers of all sizes and across all industry sectors. Contact us today.
Account Management Team