Cost Reduction- Insurance

//Cost Reduction- Insurance
Cost Reduction- Insurance2019-05-19T18:04:27+00:00

Company Overview: $3B Industrial Engineering and Manufacturing Firm

Company Overview

A global industrial engineering and manufacturing firm. The company is present with over 170 production and service sites around the world. It has more than 15,000 employees in over 40 countries. The annual revenue is $3B.

Business Facts

  • High spend on health insurance globally.
  • Larger than average dependent to employee ratio and dependents claims cost outpace the employees.
  • Goal: $3M Savings projection in US health insurance in 2017.

Results delivered

  • Negotiate and sign the new broker agreement.