Tag: Employee Benefits
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McGriff Market Update: Q4 2024
Summary The overall Property and Casualty insurance market continued to stabilize throughout 2024, with most rate increases continuing to decelerate year over year. This includes the Commercial Property market, even post Helene/Milton, as insured losses continue to accumulate. The Umbrella market is an outlier, with higher rate and premium increases and reduced capacity for the…
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McGriff Market Update: Spring 2024
Summary The Property insurance market began stabilizing in 2024 due to significant rate increases over the past several years, with reinsurers cautiously expanding their capacity and appetites. The Commercial Auto market continues to be challenging for most accounts with a heavy fleet exposure. Read the Market Update (PDF)
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2024 National Benefit Trends Survey Results
Get strategies from some of the top employers on how they’re navigating rising healthcare costs, access to quality care, and trending high-cost drugs. This year’s survey reveals how employers are investing in professional development opportunities for their workforce, and enhancing benefit offerings and workplace flexibility to meet employees where they are. Check out the results…
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2023 Retirement Benefits Survey Results
Explore industry trends with our latest report in McGriff’s survey series – the 2023 retirement benefits survey! This valuable resource can help teams make informed decisions about their retirement offerings. Complete the form to download the report now and gain insights into the topic and enhance your strategies.
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2023 Paid Leave and Compensation Survey Results
What are employer strategies for parental leave, paid time off, and compensation management – and what are the emerging trends? Find out in the 2023 Paid Leave and Compensation Survey, the latest report in the McGriff survey series! This valuable resource is designed to help HR teams make informed decisions about their company policies. Download…
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McGriff Market Update: Fall 2023
Summary The Commercial Property insurance market remains challenging with rate increases in the double digits due to billion-dollar weather and climate disasters, high inflation, and rising claim costs. Accurate property values continue to be a front-and-center issue for underwriters. The Commercial Auto insurance market is also challenged as a result of higher repair costs and…
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2023 National Benefit Trends Survey Results
Learn how employers are responding to the employee benefits challenges of 2023 and beyond. Recruiting and retention have been top of mind for most employers over the last few years. In this year’s survey, we show how strategies related to those efforts have evolved since last year. And we dive into the ways employers are…
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Hop on the ‘Let’s Get Digital’ Soapbox
I’ve been on a “Let’s Get Digital” soapbox for delivering employee benefits communications for several years. Digital is more effective than print in SO many ways, many of which I will outline below. But first, let’s acknowledge that there is no surefire way for any organization to get employees to pay attention to and…
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Leveraging Artificial Intelligence in Predicting Future Medical Claim Costs: An Actuarial Perspective
In the realm of insurance, predicting future medical claim costs is pivotal for maintaining financial stability and offering competitive premiums. Traditionally, actuarial methods have been the backbone of this process, relying heavily on historical data and statistical models. However, the advent of artificial intelligence (AI) has revolutionized this landscape, offering unprecedented opportunities to enhance prediction…
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Silent Epidemic: The Crucial Role of Managing Chronic Conditions to Control Medical Claims Costs
In the ever-evolving landscape of healthcare, one key factor stands out as a linchpin in the pursuit of a healthier and more sustainable system: the effective management of chronic medical conditions. Chronic diseases, such as diabetes, hypertension, and heart disease, pose a significant challenge to both individuals and the broader healthcare space. Beyond their…