Perspectives

Market Trends

Hurricane Season is About Three Things: Planning, Planning & Planning

Aug 25, 2023

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.

Market Trends

The Current State of Insurance in the Oil and Gas Sector

Jun 8, 2022

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.

Ownership Interests

Case Study: Employee Benefits, Pharmacy

Mar 29, 2022

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.

Ownership Interests

Case Study: Cost-Based Efficiencies, Workers’ Compensation Consulting

Mar 22, 2022

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.

Market Trends

CFO.com | Opinion: Improve Employee Health Using Behavioral Economics

Feb 3, 2022

Nudging workers to care more about their health boosts retention and helps contain benefit claims costs.

Market Trends

The State of the Captive Insurance Market

Jan 7, 2022

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.

Market Trends

Viewpoint Episode 015: Everyone Benefits - An Analytical Approach to Wellness for Self-funded Companies

Oct 26, 2021

Everyone Benefits: An Analytical Approach to Wellness for self-funded companies

Market Trends

Viewpoint Episode 014: Brian Chance, Senior Vice President, Cost Based Efficiency Claims & Risk Manager

May 3, 2021

Brian Chance, Senior Vice President, Cost Based Efficiency Claims & Risk Manager discusses the complexities of the workers' compensation system, a state-regulated system that varies by state.