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IEEE Financial Advantage Program- More FAP Benefits

Coming Your Way

Lynn Koblin, Manager- Member BenefitsPresentation to Membership Development Retreat

29 April 2005Piscataway, New Jersey

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Overview What is FAP? Who is IB&SC? What non-technical benefits do we have

around the world? What has IEEE HQ been doing to develop

additional benefits? Globally available products added 2004 Insurance Pilot Program 2004-2005 New opportunities 2005-2006

What can Sections do to work with FAP?

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IEEE Financial Advantage Program Mission Statement

• To develop portable, non-technical benefits and services exclusively for IEEE members and their families.

• Leverage the buying power of over 365,000 members in order to provide them with benefits that represent clear IEEE member advantages over non-members.

• To provide a non-dues revenue stream to IEEE, which helps to offset the dependency on dues.

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IEEE 2005 Individual Benefits & Services Committee

IB&SCBrian Lee 2005 Chair

Dale C. Caston IEEE FinCom

John Dentler Member-at-Large

Tuptim Angkaew Member-at-Large

Robert C. Vestal Member-at-Large

Moshe Kam MDC Liaison

Peter Eckstein RAB Liaison

Gary Blank IEEE USA Representative

Eric Holdrinet

Christian Borgert

Jorge Him

Y.W. Liu

R7 Representative

R8 Representative

R9 Representative

R10 Representative

 

Thomas Lynch Financial Services Staff Director

Lynn Koblin Manager, Member Benefits, IB&SC Secretary

Michel Stanziola Sr. Administrator, Member Group Insurance Programs

Mirelle White Sr. Administrator, Marketing & Affinity Programs

IEEE Financial Services Staff

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Committee Roles and Responsibilities• IEEE Bylaws I-305.

• The IEEE Individual Benefits and Services Committee shall be appointed by and shall report to the Board of Directors with administrative responsibility assigned by the Board of Directors to the Executive Committee.  The Individual Benefits and Services Committee shall be responsible for formulating and recommending to the Executive Committee programs for individual member benefits and services. The Committee shall also be responsible for monitoring, coordinating, and advising on such programs. Organizational units of the IEEE may develop and submit recommended programs for the IEEE membership, which shall require review and coordination by the Individual Benefits and Services Committee.

• Proposed new benefits or special services shall be reviewed and evaluated by the Committee to determine their conformity to the Committee Guidelines established in the IEEE Policies, and with regard to financial and other legal liabilities, before such new benefits and services are recommended to the Executive Committee.

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Developing Regional Member Benefits Requires A Coordinated Effort

IEEEStaff

IEEE Volunteers

AffinityPartner

Legal&

Tax

IEEECommittees

IEEEMembers

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Globally Available Benefits

Gateway Portfolio- travel insurance Global MedNet – suite of protection

for vital personal information

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6 Distinct Gateway Travel Plans

Gateway USA Generally for business or academic purpose; Coverage in USA for

15 days to 18 months Gateway Visit America

Generally for leisure purposes; Coverage in USA 15 days to 6 months

Gateway International Short-term travel; Worldwide except to USA for 15 days to 6

months Gateway Premier

Business travel for 6 or more consecutive months up to 5 years Gateway Global

Frequent travel in 6 month or 12 month terms; renewable Gateway Plus

Expatriate assignments; worldwide and renewable annual plan; covers personal property and liability

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  What if you were in an accident and unable to provide

vital medical history?

What if your passport was lost or stolen?

What if your child was missing?

Store your vital documents and retrieve them when needed in

an emergency, anywhere in the world.

Launch of Global MedNET programs

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Insight, Inc.Available in U.K., Canada and U.S.

Over 250,000 name brand computer hardware/ software products – discounted for IEEE members

IEEE member login and member discount

A full-service call center is available to answer product

questions. Local service and

shipping in U.K.

Launched Feb 14’05

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FAP Website Redesign: www.ieee.org/fap How to find your IEEE Non-Technical Member Benefits

Regional focus

News Features

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New ieeeinsurance.com homepage

One landing page for all Geographic areas, all insurance plans.

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IEEE FAP Globalization Efforts In Recent Years

Active 1998 Gateway Travel Ins. R 1- 10

Active 2000 IEEE Credit Card R7 Canada

R8 UK only

R9 Puerto Rico only

Active 2004 Inclusion of Quebec in Canadian Insurance

Canada

Active 2004 Global Med Net plans R 1 -10

Active 2004 High Limit AD&D R8 France only

Active 2005 Insight, computer retail program expanded

R 1-6 U.S.

R 7 Canada

R8 UK only

Preliminary Stages 2005 International Insurance Pilot Program- Phase II

R8 UK

Pending Launch 2005 International Insurance Pilot Program- Phase II

R8 Germany

Pending Launch 2005-2006 IEEE Professional Indemnity Insurance

R8 8 Pan-Euro

R10 Pan-Asia

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International Insurance Pilot Program Objectives:2004 -2005

Region 8: 4 Sections/5 Countries targeted for early adoption of insurance plans over 18 months

France, Germany, UK, Italy, Rep. of Ireland Partnering with Marsh Affinity Europe as broker,

product expert, marketing channel Partnering with insurance carriers who are known

in countries Local points of contact for member service Web-based access to product information and

sale, in native language

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New R8 and R10 Opportunities 2005-06 Professional Indemnity (PI) Insurance

A a key product in the engineering marketplace

PI meets the needs of self-employed professionals, and part-time consultants

PI can be difficult to obtain and expensive PI has done well in IEEE USA program Marsh is researching an IEEE PI program in

multiple countries Japan potential for test market

Credit Card Opportunities FAP in early stages of discussion with AMEX

Australia

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New Benefits in United States Grogan Advisory Services- Q2’05

Personal financial plans Discounted Objective

US Bank Visa Card- March’05 No annual fee 0% APR for 6 months Rewards programs

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What Can Sections Do? Identify benefit needs in your Section, with a

good email survey… FAP can assist with survey creation and delivery

Suggest reputable, local partners if you know them

Let HQ handle legal review and due diligence Member benefit should be approved by IB&SC Contracts, marketing agreements should be signed by

Staff Contracts involving over $25,000 expense or revenue

over the life of the contract go to Purchasing Dept.

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Questions?

Contact:

Lynn Koblin

l.koblin@ieee.org

(732) 562-5327