USI Insurance Services (“USI”) announced the launch of a private insurance exchange to help clients manage their employee benefits. As a leading national benefits broker and consultant, USI has developed a broad and deep set of solutions to help employers control the costs of their benefits plans. This private exchange offering will be integrated with USI’s solutions and will provide clients and their employees with an additional tool to help them budget for, evaluate and purchase their employee benefits.
USI is launching this new partnership with Liazon, operator of the Bright Choices® Exchange, the industry-leading private benefits exchange for businesses across the U.S. The Bright Choices Exchange is a proven technology that is available immediately and is easy to deploy and communicate to employees. With this platform, USI’s clients have an additional tool that can help to save time and money on employee benefits while transitioning to a defined contribution funding strategy. At the same time, the client’s employees will be able to personalize their benefits package and make smarter benefits selections that best fit their individual circumstances.
>>View Short Video on the user-friendly interface of USI’s Bright Choices Exchange
Michael Sicard, chairman, president and chief executive officer of USI, said, “USI is offering a private exchange option with plan designs and consumer-engagement tools. We will be integrating the Bright Choices Exchange with our extensive set of solutions to help consumers and the employers who help subsidize their choices better control costs as the Affordable Care Act plays out in the commercial market.”
“Progressive brokers like USI are looking for new solutions to bring better benefits options to their clients,” said Liazon’s chief executive officer and co-founder, Ashok Subramanian. “Bright Choices helps businesses control costs while increasing employee satisfaction – a rare combination.”
About USI Insurance Services
Founded in 1994, USI is the 10th largest insurance broker in the United States and the 14th largest in the world. USI is headquartered in Briarcliff Manor, NY, and operates out of approximately 100 offices across the United States. Additional information about USI may be found at http://www.usi.biz.