[May 18, 2017] |
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Cobbs Allen Launches Health Care Benefits Platform
Cobbs Allen, a national risk-management firm focused on specialty
insurance solutions, announced the launch of subsidiary OutFront Health,
an insurance platform aimed at offering healthcare and ancillary
benefits to multiple-employer groups, including professional employer
organizations (PEOs), associations, staffing firms and family offices.
The platform enables these businesses to form their own pooled groups
through which tailored, comprehensive insurance benefits plans can be
distributed.
OutFront Health offers individually underwritten, level-funded or
partially self-funded plans that ensure the employer a maximum total
annual health insurance cost. In OutFront Health's model, a self-insured
plan can cost 10 to 15 percent less than a fully-insured plan during the
first year alone.
"This concept was the result of Cobbs Allen's dedication to finding
solutions to problems where clear answers don't exist," said OutFront
Health Managing Partner and Cobbs Allen Executive Vice President Matt
Weaver. "As we listened more to our clients' actual challenges, we
realized the problem was not solely in their actual healthcare costs,
but in what products the insurance industry normally offered to these
employers."
OutFront Health's web-based platform integrates benefts administration
technology, qualitative data collection, and state-of-the-art insurance
underwriting tools to break down risk analyses for both the long- and
short-term.
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Using best-in-class actuarial and underwriting models, level-funded
and partially self-funded benefit plans are rated by each group's
demographic data and individually underwritten.
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OutFront Health looks not only at the numbers, but also examines the
unique needs of each individual group to recommend the best fit from a
suite of benefit plan designs.
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Built-in technology provides online enrollment and plan administration.
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OutFront Health utilizes the national CIGNA Network of providers and
focuses on serving PEOs, associations, staffing firms and family
offices.
For more information, please see OutFrontHealth.com.
About Cobbs Allen: Cobbs Allen is a risk management and insurance
brokerage firm providing market leading service in traditional
commercial insurance, employee benefits, alternative risk financing, and
structured solutions. Founded in the 1887 and headquartered in
Birmingham, AL, with offices in Houston, New Orleans, New York, and
Kansas City, the firm is still owned and led by its employees. For more
information about Cobbs Allen, please visit cobbsallen.com.
Follow news about the company @cobbsallen.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170518005949/en/
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