The downstream energy insurance market has had its ups and downs, with many concerns being raised by insurers in recent years. Having a sensible strategy to counteract these concerns, and forging long-lasting relationships with key markets, has become increasingly important in order to have a successful property renewal.
The holidays should be a time of joy, not a season of falling victim to cyber threats. Stay vigilant to ensure a safe and festive ending to the year.
The deadline to spend any funds left in your 2023 Flexible Spending Account is fast approaching. Review your account balance now to avoid forfeiting unused funds and sacrificing potential reimbursement for qualifying out-of-pocket medical expenses.
With healthcare inflation on the rise and escalating pressure to deliver competitive benefit packages, employers are searching for alternatives to traditional funding arrangements. This guide offers a framework to evaluate which arrangement is right for your organization.
While we can’t prevent a natural disaster, anticipatory efforts can turn the tide during hurricane season. Now – prior to the crux of the hurricane season – is the time to create a new emergency plan or review, and familiarize employees with, existing strategies.
Rising inflation rates, auto accidents, natural disasters, nuclear verdicts, and "social inflation" have contributed to rising insurance premiums and lower risk appetite from carriers in the oil and gas sector. In this context, oil and gas companies are relying on more tailored, innovative insurance solutions to meet their evolving needs.
The Stephens Insurance Employee Benefits team creates customized strategies designed to bring transparency to the pharmacy market.
This space can be quite opaque for employers without proper guidance. Yet many of them take a “do-nothing” approach with their Pharmacy Benefits Manager (PBM), which puts the employer at risk of incurring increases in out-of-pocket prescription costs that exceed 7% per year.
By working with self-funded health plans, the Stephens Pharmacy Intervention approach can lower a client’s plan paid prescription spend by anywhere from 10% to over 55%, depending on the scope of services that clients request.
The Stephens Insurance team applies our tailored Cost-Based Efficiencies (CBE) strategies to help clients lower their workers’ compensation spend. We leverage data analytics to identify perverse incentives and hidden costs that are built into today’s complex claims system.
Nudging workers to care more about their health boosts retention and helps contain benefit claims costs.
The economics of the U.S. commercial insurance market have been leading larger carriers away from providing highly customized coverages. Several recent drivers appear to have accelerated that trend. As a result, companies in sectors as diverse as construction, healthcare and finance are exploring single parent captive programs to meet their risk management needs.
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