Summary
Paul Global Benefits (PGB) is now a part of World Insurance Associates. World Insurance Associates (“World”) is a unique financial services organization with a global network of brokers and specialists who empower people to make informed decisions to improve their risk management outcomes, modernize their benefits programs, and help them achieve their long-term financial goals.
Founded in 2011, World is one of the fastest-growing, Top 25 insurance brokers in the U.S. with nearly 3,000 employees in more than 300 offices across North America and the U.K. World specializes in personal and commercial insurance, surety and fidelity bonding, employee and executive benefits, investment advisory and retirement plan services, and payroll & HR solutions.
Position Summary
- Independently leads financial strategy discussions and deliverables for complex clients who are typically level funded or self-funded with 100 to 500 enrolled EEs and or clients that generate over $100k in revenue and are fully-insured.
- Leverages advanced knowledge in underwriting, plan design, and cost drivers to create financial deliverables including financial and contractual analysis, claims utilization analysis and modeling, renewal projections and premium rate analysis and modeling. Participate in prospective client meetings, as a presenter, as well as conducting initial opportunity analysis.
Primary Responsibilities - Lead RFP process from end to end, including strategy design to placement of coverage for complex middle and large market clients, including those who are level funded or self-funded.
- Lead renewal projections, pricing strategies, contribution modeling, self-funded feasibility studies, analysis of financial arrangements and renewal/marketing of self-funded programs (TPA, PBM, Stop Loss).
- Analyze financial and utilization data to identify underlying cost drivers, trends and relationship of experience to renewal rating.
- Identify and recommend potential changes to mitigate trend, guide renewal strategy, and model plan design alternatives.
- Utilize advanced knowledge of medical underwriting and carrier renewal methodologies to identify and leverage opportunities for negotiating with carriers.
- Leverage deep carrier relationships to enhance WIAs position in the marketplace and support loc