Risk Management has largely been a discipline exercised in P&C
exposures only. Benefit risks need these capabilities too, as their costs
can often be 3-4x that of P&C.
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Data Analytics capabilities are used today by the largest
employers and many carriers. Small and mid-sized employers have many of the same
issues these much larger entities have.
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Loss Control has seen some significant improvements in
technology and proven effective in helping avoid the 3-10% in erroneous payments that exist
in medical claims today.
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