TAMPA, Fla. Feb. 2, 2011
Under the agreement, HPS will provide a full range of services, including sales, case level underwriting, enrollment, billing, claims and member retention supporting Disability, Accident, Critical Illness and other products. Most notably, HPS will provide Beazley’s customers and agents with access to online enrollment as well as integration of multiple products for streamlined quoting and billing.
$1.75 billion $400 million
As an insurer and reinsurer, Beazley is nimble enough to help brokers and other intermediaries develop profitable business opportunities and stable enough to commit to long-term collaborations. It accomplishes this by focusing on custom solutions and gap protection products in the accident and health niches. These products have taken on new prominence in the wake of healthcare reform, which brings coverage to millions but at a high cost to employers. By focusing on gap coverage, Beazley offers employees valuable protection against life’s uncertainties and employers the means to foster loyalty by broadening benefit options.
About Beazley Accident & Health Insurance
Beazley Accident & Health Insurance offers custom solutions for a broad spectrum of risks. Our suite of gap protection products includes Critical Illness, Short Term Disability, Short Duration Disability, Personal Accident and Corporate AD&D/Business Travel Accident, as well as Reinsurance. Additional gap protection products are in development and will be launched later this year.
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Coverage is available through appropriately licensed brokers and may not be available in all jurisdictions. Beazley includes the issuing company Beazley Insurance Company, Inc. (BICI) for admitted products, rated A by A.M. Best.
SOURCE HealthPlan Services