Insurance Brokers

Our Value to You

Competitive differentiation

Our online reverse auction platform provides a differentiated offering that guarantees the best value and cost transparency to your clients.

Better meet your client's needs

ConcordiScore, our proprietary decision-making algorithm, helps you better understand and deliver on your client's needs while providing greater benefits packages to help them compete for talent.

Streamlined and efficient operations

Let our standardized RFP format do the work for you so you can work more efficiently and focus on your most valuable asset, your clients.

Industry Trends

Market Consolidation

Mergers and acquisitions have increased competition between brokers and made it more difficult for brokerages to offer differentiated services.

Superior benefits to compete

Tight labor markets and inflation drives pressure on their clients to offer superior benefits to attract and retain employees within budget.

Distraction from client services

RFPs, compliance, and administrative tasks add to operating costs and distract from a focus on the client.

<strong>Brokers are valued, but their role is evolving rapidly</strong><br/><strong>toward strategic services.</strong>

Brokers are valued, but their role is evolving rapidly
toward strategic services.

Brokers have long been a pillar of the employee benefits space. Today, their role is changing, as employers look to address
new needs due largely to changing regulations, increased digitization and benefits complexity. Likewise, general agents are
establishing new competitive positions in the marketplace.

Still, the trend to digital and direct distribution is pronounced. Nearly half of small firms, or 45%, say they are likely to
purchase benefits without the help of a broker in the future. These firms will gravitate to digital marketplaces and self-service
tools. Larger firms will also use them for simpler benefits and to boost process efficiency.

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