A recent analysis showed that between 2019 and 2023 Conner Strong & Buckelew employee benefits clients that transitioned from fully insured to self-insured with our CREO stop-loss solution saved nearly $194 million. That equates to a savings of 33% versus what they would have spent had they remained fully insured.
Focusing on just the last year of the study, the savings trajectory becomes even clearer. The estimated per employee per month (PEPM) cost for fully insured employers was $1,812, while the PEPM for self-insured clients using our captive solution was $1,096. That’s a savings of almost 40%.
In the last year we’ve seen a 40% increase in our self-funded captive clientele as an increasing number of organizations have discovered the financial benefits of working with Conner Strong & Buckelew and transitioning to a self-funded model that includes our CREO stop-loss captive solution.
To learn more about the key advantages of our captive solution for self-funded clients, please see our snapshot overview. Then contact us to start the conversation about how we can help your organization achieve savings through this innovative approach.
Founded in 1959, Conner Strong & Buckelew is a privately held firm headquartered in Camden, NJ. An industry leader in providing complex businesses with comprehensive consulting and brokerage solutions for commercial insurance and employee benefits, we have unique resources and expertise in a variety of areas, including captive and alternative risk solutions, owner and contractor-controlled insurance programs, risk control services, claims advocacy and consulting, population health, data analytics, benefit consortiums and technology-driven solutions.
Since 2021 we have been an autonomously operated member of BroadStreet Partners, an insurance brokerage holding company that invests in high-performing independent agencies using a unique co-ownership business model. Collectively with BroadStreet Partners, we are among the 13 largest insurance brokerage, risk management and employee benefits consulting firms in the United States, serving clients throughout North America and abroad.
Conner Strong & Buckelew, National Headquarters, TRIAD1828 CENTRE, 2 Cooper Street, Camden, NJ 08102
For more information, visit www.connerstrong.com or follow us on LinkedIn (@ConnerStrong&Buckelew), Facebook (@connerstrongbuckelew) and Instagram (@connerstrongbuckelew)
