Business case : Insurance

Social insurances

1. Challenge(s)

A Swiss financial group wanted to optimise its sickness and accident (LAA / LAAC) insurance costs. Insurance was managed by a broker for many years. Significant costs incurred on these multi-year contracts.

2. Solutions

Costbrokers completed two RFPs simultaneously both with brokers and with insurers. Costbrokers worked in parallel with client specialists team to optimise various identified levers. Actuaries were also involved to reduce premiums while maintaining the same level of coverage.

3. Achievements

Savings of 37% compared to the initial offer presented by the previous broker.
Full coverage maintained for the employees.

Interested ?

Comments are closed.