RELATED RISK

In 2012, an international insurance marketplace representing underwriters from more than a dozen syndicates entered the New Jersey Temporary Disability Benefits (NJ TDB) market for the first time in its history utilizing RELATED’s systems, staff, and expertise.

In 2012, the New Jersey Hospital Association (NJHA) endorsed RELATED as its exclusive provider of customized leave of absence programs to their member hospitals.

In 2017, a leading statutory disability insurer, established in New York (NY DBL) and New Jersey (NJ TDB), contracted RELATED to be its exclusive provider of New York Paid Family Leave (NY PFL) benefits. These benefits were a new and compulsory benefit for all employers effective January 1, 2018.

A regional insurer was contemplating exiting the New Jersey statutory disability (NJ TDB) market. After learning about RELATED’s statutory benefits, expertise, unique business model, and sustained results, they turned to RELATED to administer their entire block of business and keep them from leaving the market.

The speed of new legislation, employers’ obligations to comply, and the need to bring new products to market timely outpaces even the most established insurers’ ability to meet the ever-changing policyholder needs.

A prominent national insurance brokerage with a focus on employee benefits mandated RELATED be its exclusive administrator of leave of absence programs for its National Accounts Practice, defined as having 1,000+ employees with diverse workforces most likely to operate remotely or in multiple states.

An established national disability carrier decided to leverage RELATED’s agility to enter the statutory benefits market quickly, confidently, and seamlessly. Before RELATED, the opportunity to gain new customers and premiums through new insurance products was unprecedented due to the proliferation of state leave laws and the resulting new obligations of employers.