Agenda
Introductions & Team
Who is NFP?
What We Do
Why NFP
Customization
Next Steps and Questions
Who We Are
NFP is a leading insurance broker and consultant that provides employee benefits, property and casualty, retirement, and individual private client solutions through our licensed subsidiaries and affiliates. Our specialized expertise matches our commitment to each client’s goals and is enhanced by our investments in innovative technologies in the insurance brokerage and consulting space.
Purpose and Mission
NFP
Our passion is building strong personal relationships based on trust, transparency and active communication so we can create the best possible work environment for our employees and deliver the best possible solutions to our clients. To empower organizations and people to overcome complex challenges and uncertainties with tailored solutions driven by active listening, hands-on guidance, specialized expertise and human connections.
Size and Scope
Diversity, Equity and Inclusion
NFP Connect
What We Do
Compliance
Consulting Services
Employee Communications
Pharmacy COE
Stop Loss COE
CaptivePlus
The CaptivePlus solution is designed to provide safe and flexible group captive programs that streamline NFP’s subject matter experts to the front lines of risk management. With a collaboration between NFP’s vast resources, and a fronting “A” rated stop loss carrier, we will guide the experience through the years with the intentions to maximize the opportunity and limit the risk for the members. This brings greater appetite for risk from the stop loss market and allows employers comfort in self-funding. This is achieved by reducing risk associated with purchasing stop loss coverage annually in a vehicle designed to minimize fixed cost to nearly 20% of the total spend. NFP specializes in custom designed group medical stop loss captive’s that are flexible for the needs of our advisors and valued clients.
Voluntary COE
HeliosHR
Well-Being
Mental Fitness Center
Why Us?
InsurChoice
Innovation
For NFP, innovation is about ideation that connects problems with solutions and positively impacts people.
Our approach is collaborative, inclusive and purpose driven. While many people equate innovation solely to technology, true innovation is about creating value – by solving problems, enhancing convenience, reducing cost – in our everyday lives.
We deliver value to our clients by:
- Reimagining the way we conduct business and interact with each other, our partners and our clients so we can be more successful together
- Engaging with employers to better understand their challenges and pain points
- Reinforcing our growth-focused culture by continuously improving structures for inclusively supporting our employees and their efforts?
- Scouting and vetting new ideas and solutions in insurtech, fintech, HRtech and healthtech to keep ahead of market trends and provide thought leadership to our industry
Ventures
NFP Ventures targets Series Seed to Series B investments in insurtech, fintech and digital health companies that can benefit from NFP's distribution, human capital and industry expertise.
NFP Ventures’ differentiated approach to corporate venture capital amplifies the strategic value we provide portfolio companies and the returns that we generate for investors. Our current portfolio touches each of our business lines.
Our portfolio companies provide solutions that help our clients address their most significant challenges and opportunities, including the future of work, benefit distribution, data and analytics, and the evolving consumer expectations related to insurance.
Benchmarking
Keeping your benefits program current and competitive is vital to achieving your business strategies. A nonexistent or flawed benchmarking process may lead to poor decisions and costly results.
The dataset includes information on the prevalence, costs and provisions of different benefit types, and can be reported by:
•Company size
•Industry
•Geographic region
•Plan design specifications
•Contribution levels
Successful benefits benchmarking will support:
•Awareness of plan performance, strengths and weaknesses
•Greater confidence in developing and managing benefits plans
•Greater involvement and motivation to share market trends
•Increased willingness to share solutions to common problems and build consensus about what is needed to accommodate changes
•Better understanding of the big picture and how different factors interplay to facilitate the design of a competitive benefits package
Quarterly Executive Summary
Actuarial Services
NFP’s in-house licensed actuaries quantify the financial impact of plan changes by performing sensitivity analyses to evaluate plan strategies, comparing performance to existing benchmarks and developing financial projections.
• Premium equivalent development
• Incurred but not Reported (IBNR) Reserve Analysis
• Plan design modeling
• Financial forecasting/budgeting
• Contribution Strategy
• Internal underwriting and pre-renewal calculations
• ACA Valuation
•Alternative funding analysis (e.g. self-funding, fully-insured and combinations)
Customization
Population and Demographic Analysis
Innovu
Price Transparency
Cost Containment Strategies
NFP offers clinical and practical experience in evaluating, designing, negotiating, deploying, and monitoring intelligent efficiencies through Advanced Value-based Employee Benefit Programs to meet a diverse group of employer organizations. The advantage of attracting, retaining and rewarding top talent requires next generation employee benefit structures which drive better clinical and financial outcomes. Supported by state-of-the art secure AI technology. Our focus is bringing a holistic perspective to employee benefit programs by bringing collaborative expertise.
Cost Efficiency of Plan Structure and Funding
Current Client Relationships
Timeline for 8/1/2023 Renewal
SWOT Analysis
Q&A
Contact Us
Account Team Contacts
Smiley, Kelly
Test 123
kelly.smiley@nfp.com
248-743-4328