Analyze and Make Recommendations on the Best Risk Structure for Your Client
Help your client make an educated decision as to whether the group should self-fund or stay fully insured. With this solution, advisors can evaluate a group’s risk in terms of capital at risk, return on capital at risk, and the likelihood of beating a fully insured (riskless) benchmark. The solution will also find the risk structure that meets the group’s risk tolerance level, as well as present a visualization of the relative risk/reward profile of different self-funded structures.
If a group is currently self-funded, Risk Decision Support can also evaluate the appropriate specific deductible level, and whether an aggregating specific corridor should be used based on the group’s risk tolerance level.
Risk Decision Support is updated annually and has the ability to archive plans and scenarios for later recall and modification.