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Insurance and risk-management firm Cobbs Allen has launched a subsidiary OutFront Health, an insurance platform aimed at offering healthcare and ancillary benefits to multiple-employer groups, including professional employer organizations (PEOs), associations, staffing firms and family offices.
The platform enables these businesses to form their own pooled groups through which tailored, comprehensive insurance benefits plans can be distributed, the company said.
OutFront Health offers individually underwritten, level-funded or partially self-funded plans that ensure the employer a maximum total annual health insurance cost. Its web-based platform integrates benefits administration technology, qualitative data collection, and insurance underwriting tools to break down risk analyses for both the long and short term.
Matt Weaver, OutFront Health managing partner and Cobbs Allen executive vice president, said: "This concept was the result of Cobbs Allen’s dedication to finding solutions to problems where clear answers don’t exist. As we listened more to our clients’ actual challenges, we realized the problem was not solely in their actual healthcare costs, but in what products the insurance industry normally offered to these employers."
Cobbs Allen, OutFront Health, Health insurance, US
