|
Introduction
HISTORICAL
PERSPECTIVE
SLG Benefits and Insurance, LLC is a
medical stop loss insurance Program Management Company. The company
was created to surpass the needs of Third Party Administrators (TPA's)
and broker/consultants specializing in the self-funded employee
benefits marketplace. In the challenging arena of catastrophic claim
management and healthcare funding products, the TPA’s and broker’s
need for delivery of ideas from stop loss providers has become
inconsistent with the rigid operating structure of some of the larger
carriers and MGU's. Out of this business opportunity, SLG Benefits was
formed to provide expertise and timely solutions to the medical stop
loss and claim administration community. We plan to leverage our
collective years of experience and personal standing in the benefits
marketplace to provide medical reinsurance & insurance products and
services that are in great demand. The Benefits Community expects
delivery of ideas, answers to questions, direct access to decision
makers and timely producer support. SLG Benefits has the expertise to
exceed those expectations.
REINSURANCE
Our medical stop loss
reinsurance agreements are with highly rated and qualified insurance
carriers. SLG Benefits serves as a stop loss underwriting, claims and
risk manager on their behalf. SLG Benefits will market stop loss
products to a select group of producers and administrators nationwide.
We believe our strength and dedication to the employer stop loss
market will offer contractual and financial security to our producers
and prospective policyholders.
Our mission is to
offer a medical stop loss product that will help our TPA and broker
partners grow their businesses and support the self-funding concept.
With increases in medical inflation, Plan Sponsors will increasingly
rely on their brokers and TPA's to provide funding solutions. Our goal
is to provide unparalleled product and expertise to our business
partners. Our priority is to exceed the needs of our clients and
deliver superior results to our risk takers.
At SLG Benefits, we
recognize that the most valuable asset we have is our people. We have
complimented our staff with a fully integrated computer system that
allows us to work intelligently and efficiently to deliver all of our
services at an elite business level. Claims, Administration,
Accounting and Risk Management are all carefully woven into the
underwriting process in an effort to produce superior results. Our
underwriters are trained to understand the vast resources available to
them which truly provide them with the tools necessary to “think
outside the box”. The automated underwriting system backstops the
entire process by flagging important underwriting and policy triggers.
This intelligence serves to cut down on errors, elevate difficult
risks to senior management and focus our efforts on risk selection and
closing business.
-
Underwriting Staff
is trained to seek counsel on difficult risks. We advocate a strict
referral system that gets the most complex cases into the hands of
the most experienced decision makers.
-
Underwriting Staff
is highly trained in Managed Care Principles in an effort to steer
our producers toward the best managed care environment to offset
medical trend.
-
Underwriting System
includes sophisticated management tools used to track quote
turnaround, quoting ratios and closing ratios from a variety of
parameters.
-
Medical
Underwriting is handled by trained medical professionals to provide
current, critical data to assist the underwriter in selecting
profitable risk.
-
Administrative
Staff is highly trained to recognize the important pieces of
information necessary to bind a risk such as Disclosure,
Application, Schedule of Insurance and Binder check. In addition,
they understand the urgency associated with these items and the
ramifications of taking immediate action upon receipt.
-
Claim Staff shares
critical information with Underwriting and Marketing such as trigger
claim notifications within the renewal or new sale window.
back to main
|
