Our unique auction platform and proprietary decision-making algorithm provides a market disruptive technology. Our solutions replace the current paper-based RFP system with a transparent and competitive platform that saves money and streamlines the group benefit procurement process offering unparalleled value.
Cost savings, process transparency, carrier-neutral, auditable, decision-making support, and pooling for more competition and better rates
Reduced workload, streamlined operations, competitive differentiation, decision-making support
Lower customer acquisition costs, access to a larger and motivated customer base, reduced sales expenses, platform with fair competition, access to market data
Benefit costs continue to increase, becoming one of the highest fixed costs for organizations with no assurance they receive the best value.
The group benefit RFP process is labor-intensive and time-consuming while not driving the most competitive rates.
Mergers and acquisitions have increased competition between brokers, becoming more difficult for brokerages to offer differentiated services and value.
Industry stakeholders recognize that salary is no longer enough to attract and retain top talent. The COVID-19 pandemic sparked newfound appreciation of the value of ancillary and nonmedical benefits. Workers certainly saw their needs in a new light, particularly relative to financial security and well-being. Employers recognized how more valuable benefits would help attract and retain scarce talent. Mental health and substance abuse also became more pressing concerns. Significant percentages of employees view benefits as being more valuable today than they were before COVID-19. That perception is particularly prominent among millennials, with nearly half indicating that their benefits are “more valuable” today.
New needs and competition for scarce talent drive significant expansion of workforce benefits.
Rich, personalized benefits that support increased work-life balance and meet the needs of a diverse, multigenerationalworkforce will be critical to attract and retain top talent in the future. After the hardships of the pandemic, demand andheightened recognition for the value of life insurance, disability, leave and income protection products will continue to rise.Supplemental mental health, wellness and substance abuse benefits will also become more common, ultimately becomingbaseline benefits offered by most large companies.