[May 18, 2017]

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.

• 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.
• 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.
• Built-in technology provides online enrollment and plan administration.
• 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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