You build it and we will come. Manufacturing businesses call on Assurance to protect their interests, increase efficiencies and save money.

Shocking Overall Cost Reduction

A nationwide manufacturing operation asked Assurance to aid them in lowering the cost of their Property & Casualty insurance. Some investigation with the carrier community proved there was little known about the ins and out of the company, so pricing was based purely on the numbers available to them.

Telling Their Story
Assurance created a detailed and involved submission process, similar to nothing the client had ever seen before. We interviewed key officers of the company, created a detailed description of their operations, received specific details on all historic large claims, performed a loss forecast and analysis, and created a very powerful case on how and why premiums should be reduced.

A Happy Ending
By using the company’s “story” as a central component of the submission process, Assurance found a carrier partner that believed in them and was willing to bet on their future. The final result was that in the softest of markets, we reduced their costs by an additional 19%. A savings that shocked the client.

Demonstrating Wellness ROI

An Assurance client in the manufacturing sector decided to do something dramatic to curb their rising medical expenses.  They adopted a formalized wellness program for their employees, and combined it with aggressive monetary incentives. 

Their CFO notes, “People are always suggesting you can't demonstrate a return on investment when it comes to Wellness programs.  I point to our 40% reduction in premiums over 4 years to prove you can!”

Incenting Health Risk Assessments
Over a 4-year period, the company increasingly made Health Risk Assessments an integral Wellness component.  They rewarded their employees first for participation and later for health score results.  An onsite screening was offered and included a detailed medical health questionnaire and blood chemistry profile. Each year, the rewards and requirements were increased, always with advance communication to employees.

Modifying Behavior Produces Results
The combination of incentives along with opportunities for employees to engage in healthy activities in a positive company environment had a win-win effect.  They built communication about health insurance and costs into the corporate dialogue.  Ultimately, their employees’ healthy knowledge and behaviors skyrocketed, while their health insurance costs plunged.