Underwriting Support

Underwriting is all about analyzing and assessing risk. The underwriting process can be lengthy and complicated, but we make it easy using our propriety modeling system. We have 30+ years of combined experience guiding clients through the maze of health and welfare underwriting.

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Optimizing Group Health Plans

Underwriting Insights: A Winning Strategy

Underwriting Insights

Underwriting Strategy
Digital Data Gathering
Senior Underwriting Goals

Turning data into intelligent knowledge is critical to achieving the best results. Our process includes consulting with our clients on the best-in-class data integrations, providing a digital guide to the underwriting process, and a detailed list of all the key information necessary to guide clients to the best outcome. This step also includes our exclusive “Allied Underwriting Insights” discovery process to enable everyone involved to be heard, to share desired goals, and to enable our senior underwriters and actuaries to begin assembling the systems and models to position the case for success.

Integration & Modeling

Secure data transfer and storage
Data loading to actuarial platforms
Case review with your team

Clients are enabled with access to our secure portal and case files are established for each client and group case. Data for each case is assigned to a lead underwriter and loaded into our actuarial systems for modeling. We utilize distinct actuarial modeling systems, each designed specifically for various case needs and applications based upon the desired goals of each client. An underwriting insights case review is held with your team to gather final information and assure success.

Plan Optimization & Projections

Calculate expected claim levels from all key players’ perspectives
Display the increments and decrements associated with any change to any group size
Calculate cost reduction strategies to groups including reference-based pricing
Probability of beating fully-insured
Probability of experiencing an aggregate claim
Capital at Risk – budgeting for a bad year
Performance horizon (1/3/5 years)
Probability of scenarios out-performing base case
Apply a consistent and actuarially-sound methodology to the groups’ claims experience
Predict participant enrollment based on past behavior and plan options
Build precise budget rates based on claims experience and forecasted enrollment
Normalize past claims and run simulations to create a true confidence interval
Create IBNR models
Export client-ready reports

Our team utilizes four unique actuarial platforms to assist you with a variety of needs. Our underwriting and actuarial tool helps develop the basis for “what is going on”, “why this is critical”, and “how to approach”. In addition, we can model a variety of plan changes and what-if scenarios. Clients want to know “should I be self-insured?” – we can answer this question and develop 1-year, 3-year, and 5-year projections with the likelihood of success. When the CFO needs to know the IBNR of the plan, our underwriters can utilize a variety of methods to illustrate the financial impact of claims run-out.

Brief & Consult

Develop a customized underwriting case analysis
Illustrate historical case comparisons
Build prospective projections and budgets
Provide an optimized recommendation and underwriters perspective

A professional case narrative for each case is developed and illustrated with an accompanying client export file from our actuarial models and systems. For clients who wish to have our underwriter join a call or online video session, we can serve as an extension of your team and provide the background, case cause-and-effect, and overall “so-what and now-what” as an expert to serve your benefit plan. For board meetings and executive briefings, we are happy to assist you with both materials as well as the expert advice to help your client be assured of the best decision and most optimized approach.

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Additional Services

Team Strengths

Sales Process