Employee benefits broker services

The cost and complexity of managing employee benefits programs is steadily increasing. But organizations that don’t take active steps to build a sustainable approach to benefits design are expected to experience a 70% increase in cost over four years.

Our employee benefits brokerage will help you create a sustainable approach by enabling you to reduce your risk profile. By redesigning your benefits solutions to consider all four states of employee well-being.

Most employers spend a large proportion of their budget on rising claims for chronic diseases, lifestyle-related illness and mental health issues. Benefits designed to drive behaviour change, such as health benefits that motivate and engage employees to make healthy choices; or mental health benefits that boost resilience and reduce stress and anxiety helps tackle this.

As well as reducing your risk profile and negotiating competitive deals with insurers, our preventative employee benefits broking helps employees feel more supported.

As a global organization, we employ thousands of benefits experts and employee benefits brokers worldwide. Wherever you are, we understand your market and are compliant with local regulations.

We have benefits specialists who can facilitate benefits in more than 150 countries, enabling us to harmonize benefits across entities, and consolidate benefits programs to achieve economies of scale. We cover a range of insurable benefits including medical, life, accident, disability, stoploss and special risk and also advise on opportunities for self insurance and alternative financing methods.

We also have strong insurer relationships and can negotiate and secure innovative benefits, from packaged to bespoke solutions, taking advantage of our market knowledge and global expertise.

Our MMB Health Trends global insurer survey identifies key trends driving the future of employer-sponsored healthcare to help you manage the cost and risk of employer-provided healthcare in a changing world.

An integral part of our market-leading approach to employee benefits broking is the use of data, technology and analytics. We use this to help you:

• Get a better understanding of your employee profile
• Identify savings opportunities based on current cost and cost drivers
• Anticipate and measure risk and ROI on benefit programs

While our wider employee benefits consulting services can help you identify targeted interventions that impact employee health and productivity.

We also provide data, analytics and insights solutions to help you make data-driven decisions to optimize spend and engagement. This can then be utilized to refresh plan provisions and during contract renewals to challenge underwriting and actuarial assumptions, to provide truth in numbers.

We can also share analytics on what your industry peers are doing, to ensure what you’re offering is fair and competitive. Four questions to consider annually are: