Please note the potential conflict of interest as Erika/Efekta are part of the EF/Hult empire.
EF Education First/Signum International SARL
- Universal Care SARL: B83591
- EF Student Travel AB
- EF Cultural Tours/EF Education BV
- EF Education AB
- EF Education AS
- EF Education OY
- EF Education ApS
- EF Education Ltd
- EF Ett Studieår Utomlands
- EF Global Transport AB
- Akire Services AB
- EF Foundation
- Hult
- Erika Försäkringsaktiebolag/Erika Insurance
- Tagettak AB
- EF Cultural Tours/EF Education BV
- EF Student Travel AB
History
EF has this to say about Erika Insurance:
EF offers you a travel insurance coverage specially designed for exchange programs abroad. With this comprehensive insurance coverage you may feel totally secure. … This travel insurance coverage is tailor-made for an EF student … Moreover, EF staff recognises the Erika product and can assist you while abroad. (Erika)
Erika Försäkringsaktiebolag was established in 1995 in Stockholm, Sweden. The usual EF people sit on its board: Åsa Elisabeth S Rangne Blendow and Bill Erling Andreasson. Its head office in Sweden shares address with EF Corporation, Sweden:
- Strandvägen 13B, SE-102 04 Stockholm
In the US students are asked to
Remember that Erika Insurance and Aetna insurance are separate companies; however, Erika works with Aetna and Aetna is the name that healthcare providers will recognize!
Erika Insurance buyers from Germany, Switzerland, Austria or Holland are asked to go through AXA Assistance. Italian students go through Inter Partner Assistance and All other nationalities are to use contact Falck TravelCare.
At the top of the page you will see how Erika Insurance fits into the EF empire.
Hult International Business School also uses Erika. Once again the rules are the same
Insurance plans are provided by AETNA for US locations, Erika Medical insurance for London, Dubai, and Shanghai.
Efekta Insurance International, Ltd. is another EF company that is linked to Erika. For tax purposes it is located in Hamilton, Bermuda (Reg.no: 35879). Tobias Sjöberg is its Director of Operations. US head offices are the same as the rest of the EF corporation in the US: One Education St, Cambridge MA 02141. Repeat performances are by board members Martha Doyle, Peter Nilsson, Jens Appelkvist and Rosa Gyllenhaal.
Efekta has lists as their customers:
- Go Ahead Tours
- EF Educational Tours – US
- EF Educational Tours – Canada
- EF College Break and
- EF College Study Tours
2004: «Since the divestment of third party business in 2003, there has been a significant increase in the credit and liquidity risk associated with Erika as it cedes 85% of the gross premiums written to Efekta, (EF’s reinsurance captive based in Bermuda). Credit and liquidity risk is further exacerbated by a non-callable loan arrangement between Efekta and an EF group subsidiary.»
Reblogged this on Foreign student exchange and commented:
Please note that EF Education First / EF Foundation are the owners of this insurance company. That means that there is a very real danger of a conflict of interest for those students who travel with EF and buy insurance from Erika or Efekta.