Stop Loss Insurance Services Inc., an AmWINS Group Company, Introduces AmWINS Self-Funding Analytics
WORCESTER, Mass.--(BUSINESS WIRE)--May 22, 2019--
Stop Loss Insurance Services Inc., (“SLIS”), an AmWINS Group company, today announced a new service that can evaluate a benefits broker or consultant’s opportunity to transition an employer group from a fully-insured to a self-funded basis.
The new service, known as AmWINS Self-Funding Analytics, enables brokers and consultants to:
- Evaluate a group’s risk in terms of capital, expected return, and likelihood of improving upon a fully-insured benchmark
- Analyze and recommend the best risk structure for their clients, given a group’s risk tolerance
- Review multiple stop loss scenarios to find the optimal outcome
- Help a client decide whether their group should transition to self-funding or remain fully-insured
“This new analytical resource leverages data from more than 10 million lives and over $100 billion in billed charges and is calibrated and customized to each client’s situation,” said Gerald Gates, President of SLIS.
The new analytics capability adds to SLIS’ already extensive suite of products and services and is offered at no charge to evaluate alternative funding scenarios for fully-insured clients.
“This new service provides brokers and consultants with the ability to educate their clients about the rewards and risks of self-funding and the potential savings associated with that model,” said Rebecca Bocek, President-National Sales Director of SLIS.
About Stop Loss Insurance Services
Stop Loss Insurance Services (SLIS), an AmWINS Group Company, provides brokers, consultants and third-party administrators (TPAs) a competitive edge by serving as a time-saving resource that is singularly focused on self-funded beneﬁts solutions. Beneﬁts professionals become more productive and successful in their core business by putting SLIS to work in this highly specialized segment of their practice. With more than 25 years of focused experience in self-funding, SLIS is known for deep expertise, strong market relationships and hands-on service, backed by the security of AmWINS Group, the largest insurance wholesaler in the U.S. For more information, visit stoploss.amwins.com.
About AmWINS Group, Inc.
AmWINS Group, Inc. is the largest independent wholesale distributor of specialty insurance products in the United States, dedicated to serving retail insurance agents by providing property and casualty products, specialty group benefit products and administrative services. Based in Charlotte, N.C., the company operates through more than 115 offices globally and handles premium placements in excess of $16 billion dollars annually. To learn more, visit www.amwins.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190522005699/en/
CONTACT: Gerald Gates
Stop Loss Insurance Services
An AmWINS Group Company
KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT PROFESSIONAL SERVICES INSURANCE
SOURCE: Stop Loss Insurance Services Inc.
Copyright Business Wire 2019.
PUB: 05/22/2019 01:00 PM/DISC: 05/22/2019 01:01 PM