Risk Strategies launches US consulting business
Risk Strategies, a privately held US broker, has launched a national consulting and actuarial services business. Now merged into a single unified business segment and reporting to John Greenbaum, executive vice president, Risk Strategies Consulting incorporates “expertise and offerings” from industry consulting and actuarial firms acquired over the past four years.
These acquired companies include Corporate Benefit Audits, United Health Actuarial Services, Centric Actuarial Solutions, Cambridge Advisory Group and Aquarius Capital Solutions.
“As operations and risk become more dynamic and complex, leveraging data to drive smarter business decisions is paramount,” said Greenbaum. “Bringing our industry-leading consulting teams under one umbrella creates a powerhouse of specialty expertise to help clients better understand their risks and potential costs, ultimately leading to highly effective strategies that reduce clients’ costs and manage their overall risk.”
Risk Strategies Consulting will operate independently from the company’s brokerage business, ensuring full business separation of clients and autonomy of consulting work.
Services provided include: high-touch consulting and state-of-the-art analytics, strategy and consulting (encompassing health and welfare with deep pharmacy expertise as well as mergers and acquisitions), actuarial services for plan sponsors, providers and insurers (encompassing captive and self-funded programs, long-term care, Medicaid, Medicare supplement / Advantage, supplemental health, life insurance, disability income, reinsurance and stop-loss, healthcare and network provider consulting and property and casualty actuarial and consulting services), and benefit audit services (encompassing employee benefit and claim audits; stop-loss services; and plan document, policy and claims review).
Risk Strategies said these services are provided to clients from a variety of industry segments, including government entities, manufacturing and distribution, self-insured organisations including corporations and trusts, healthcare organisations, national and regional insurance companies, and private equity firms, among others.