Renewal Evaluation Information
Our Renewal Report is an easy to understand package incorporating our three key viewpoints of the renewal projection which allows employers to quickly identify the important pieces of the renewal while at the same time providing in-depth analysis. Included in the Renewal Report are mini-reports focusing on key components including trend and seasonality, stop loss coverage options, plan design changes, administrative fees and employer contributions. Typically, we create an initial Renewal Report based on emerging experience and then updates it after receiving updated carrier information and the carrier renewal. Additionally, the Renewal Report includes a review of carrier assumptions including IBNR levels, trend, plan design changes, and large claims adjustments.