Würk partners with The Baldwin Group on cannabis employee benefit captives

Human capital management (HCM) company Würk, which operates in the cannabis industry, has announced what it says is a first-of-its-kind insurance collaboration with The Baldwin Group (formerly AHT Insurance) that it claims will reshape legal cannabis companies' approach to evaluating health benefits. 

The companies said that by leveraging their expertise in human capital management, insurance, and risk management, Würk and The Baldwin Group will introduce clients to employee benefit captives, predictive risk scoring and forward-looking claim projections that will help them gain an acute understanding of their particular health insurance premiums and identify potential cost-saving alternatives.

“Würk enables clients to manage the cannabis industry's rapid growth effectively by providing leading HCM tools and solutions to normalise the cannabis economy,” the company said in a statement. “The Baldwin Group deploys artificial intelligence driven underwriting to provide clients with 12-month forward looking claim projections and predictive risk scores, which highlights the cost drivers of particular health insurance premiums. 

“Both tools help provide a pro-forma financial analysis that will help determine if a client is best suited for an employee benefit captive, a specialised benefit arrangement where multiple employers pool their resources to form a captive insurance plan.”

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