Stop loss insurance gets a boost with QBE North America’s Agora program


QBE North America, an influential player in the insurance sector, has unveiled its latest offering: Agora.

This new initiative is a group captive program, centred on medical stop-loss insurance, specially tailored for organisations boasting at least 50 employees who are keen on addressing and controlling escalating healthcare expenses.

The mounting healthcare costs, accentuated by revolutionary treatment advancements, increased chronic conditions, and unprecedented economic scenarios, have necessitated the search for innovative cost management solutions for employers.

QBE North America stands as a renowned entity in the insurance industry, known for crafting niche solutions for varied client needs. Agora is an exemplar of the firm’s commitment to leveraging cutting-edge methodologies to tackle pressing insurance challenges.

Agora differentiates itself from its competitors by its “unique” design. It offers an efficient solution encompassing flexible plan structures, effective cost containment strategies, transparent underwriting, monthly experience reporting, and bespoke stop loss policy terms. Plus, clients enjoy the absence of any cumbersome contract stipulations and time-consuming committee or conference obligations.

Notably, Agora stands as an open medical stop loss group captive, proudly owned, sponsored, and underwritten by a wholly owned subsidiary of QBE Insurance Company, a trailblazer in direct writing of medical stop loss.

Highlighting the innate potential of captives, nearly 90% of Fortune 500 firms have embraced wholly owned captive subsidiaries, thereby addressing specific risk management necessities. Furthermore, businesses leveraging self-funded health insurance within a captive gain a clear perspective on medical claim drivers, ensuring more strategic and economical healthcare provision.

QBE North America Head of Accident & Health Tara Krauss said, “Most employers in today’s economy are looking for ways to better manage their health plan costs. This search will only grow more urgent as revolutionary advancements in treatment, the rising prevalence of chronic conditions, and previously unseen economic conditions drive costs even higher.”

She added, “With Agora, QBE’s segregated cell company, these employers now have an easy point of entry to the captive space as well as the ability to customise a solution to meet a variety of stakeholder needs. It’s about as turn-key as you can get for captive participation.”

Vice President, Specialty Markets for QBE’s Accident & Health business Matt Drakeley commented, “Organizations with self-funded health insurance plans in a captive have a better view of the factors driving medical claims, which can facilitate more proactive and cost-effective healthcare. We’re thrilled to offer Agora to customers as an easy-to-access and flexible group captive solution for medical stop loss insurance.”

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