Stop-Loss Carriers manage risk in a highly competitive space, navigating complex and consultative sales while providing protection to employers from catastrophic financial risk.
One of the challenges third party stop-loss carriers face is understanding the risk of the groups they quote. Because many proposals include only census data, stop-loss carriers are often left in the dark.
BST empowers stop-loss carriers by providing insight into client risk and building models that more accurately design stop-loss policies.
Stop-loss carriers struggle to understand the true risk of a given employee population. Armed with actual claims data, BST’s risk insights allow stop-loss carriers to better more align the stop loss price and policy with the client’s actual risk.
Stop-loss carriers want to know where their products are strategic against the actual risk of the population. BST helps stop-loss carriers by providing employers and consultants better access to data and plan optimizations.
Stop-loss carriers are seeking better alignment between stop loss and supplemental product sales. BST has built a one-of-a-kind pre-sales tool, Ceres, which helps carriers effectively cross sell their products to brokers.
BST provides unprecedented access and visibility of client data and the data warehouse enables Stop-Loss carriers to:
H3: BST solves problems that many Stop-Loss carriers face with data discrepancies, member matching inconsistencies, outdated data validations, and slow processing times. BST’s technology allows for:
BST provides Stop-Loss Carriers insights on global risk factors within a population throughout the plan year. Our financial and clinical reports with customized views allow Stop-Loss Carriers to:
BST identifies lag measures, provides high-level views of total block performance, and enables drill-down views of individuals through critical metrics. Advanced analytics, machine learning, and optimization techniques allow Stop-Loss Carriers can:
BST stands apart in the analytics space because we provide specific, actionable client recommendations. BST’s Plan Optimizer considers billions of scenarios and arrives at optimal enabling stop-loss carriers with: