The University System of Georgia (USG) is seeking a Broker of Record to provide strategic guidance, expertise, and ongoing support for its voluntary benefits offerings. The selected broker will competitively procure and recommend voluntary benefits offerings that meet the needs of and fill the gaps in insurance for the USG employee/retiree population. The broker must ensure the array of voluntary insurance benefits support and integrate with the USG’s healthcare plan options and wellbeing initiatives. Some key requirements for the broker include having at least five years of experience providing services in Georgia as an Insurance Broker for Voluntary Employee Benefits, having at least five years of experience competitively procuring and managing voluntary employee benefits for clients of 30,000 or more insured eligible employees, and being able to provide underwriting, actuarial, and audits services to assist the USG in establishing and confirming appropriate insurance rates and expenditures.
• The broker will be responsible for managing vendor procurement on behalf of the USG with final selections being made by USG staff.
• The broker will provide underwriting, actuarial, and audit support along with marketing, communications, legal and compliance support, training, and related expertise.
• The broker must certify that it has a minimum of five years of experience providing services in Georgia as an Insurance Broker for Voluntary Employee Benefits.
• The broker must have at least five years of experience competitively procuring and managing voluntary employee benefits for clients of 30,000 or more insured eligible employees.
• The broker must be able to provide expertise and support in developing marketing and communications materials for employees, delivering training and education programs, and preparing and reviewing legal and compliance documents.