For most of us, the quality of our health and insurance benefits is determined by behind-the-scenes transactions between insurance companies, brokers and the HR person down the hall.
Co-founder Ryan Sachtjen said the process today is entirely manual, requiring brokers to collect data on employee demographics, current policies and how much the insurance company paid out in benefits. The broker sends that data to insurance companies, who use it to put together bids for the upcoming year’s plan.
Read entire article, written by Andreas Rekdal: https://www.builtinchicago.org/2017/08/22/watchtower-make-employee-benefits-better
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