Week 3: 48-Hour Underwriting Risk Assessment
Over the last year, EBA&M has worked hard to refine its level funded program. We are excited to announce an added partnership with Ryan Specialty Benefits. RSB is a leader in providing extremely competitive marketing and partners with only the nations leading TPA’s.
Something that sets them apart that both we and our broker partners absolutely LOVE is their 48 hour risk assessment.
With limited information and 48 hours, we can determine if your clients or prospective groups are a good fit for our level funded funded program. With our program 100% of the reserves stay with the employer so you’ll want to take a look!
What It Is
The 48-Hour Risk Assessment is a proprietary 1-page risk scoring system for prospective self-funded clients. It leverages multiple AI modeling modules, data analytics tools, and insights from RSB's clinical and underwriting staff. This system provides a simplified risk profile and financial recommendations for clients considering self-funding their medical plan.
- Provides a simple 1-5 risk score.
- Identifies key risk factors and top medical/Rx concerns.
- Suggests product viability for traditional stop loss, level funded, and captive programs.
- Can be used with or without claims experience for groups 25-200 employees.
Why Brokers Love It
This tool helps brokers win new business and improve client retention by offering speed to market and driving initial strategy discussions. It acts as an efficient viability tool for both prospective and existing clients.
- Scores are generated in 48 hours with minimal data (dependent-level census).
- Poor risk scores can prompt a shift to fully insured options, saving time on lengthy procurement processes.
- It's a free, Ryan Specialty investment, providing brokers with a competitive edge and potential margin improvement.
How It Strengthens Your Position
Brokers can utilize this assessment for lightning-fast viability studies in prospective discussions, and to strengthen their position at renewal by providing deep insights.
- Traditional stop loss quotes can be provided within 2-4 days of a passing risk score, offering a full financial review without extensive procurement effort.
- Risk analysis insights can be used to inform incumbent renewal negotiations, even in the absence of client claims data.
Reasons to go for the RSB Level Funded solution:
- 48 hour underwriting risk assessment.
- 100% of unused claim dollars remain with the plan sponsor.
- Level funded product for groups of 25+ enrolled employees.
- Artificial Intelligence risk analysis performed to replace Individual Health Questionnaires.
- One monthly payment to include claims, premiums and all administrative costs.
- All contracts include comprehensive run-out coverage.
- Extensive reporting capabilities for complete data transparency and strategic plan analysis.
- Comprehensive Specific & Aggregate Stop Loss coverage.
- Backed by Nationwide Insurance.
This Week’s Download
📄 48-Hour Underwriting Risk Assessment Deliverable
Sample deliverable that gives brokers and employers a clear snapshot of group health risk in just two days. Using AI-driven analytics and underwriting expertise, it delivers an easy-to-read score with financial indications and funding recommendations.
This Week’s Focus