Beazley has entered into a strategic partnership with HealthPlan Services (HPS), under which HPS will provide comprehensive business process services for Beazley's accident and health insurance customers.
Under this agreement, HPS will provide a full range of services, including sales, case level underwriting, enrollment, billing, claims and member retention supporting disability, accident, critical illness and supplemental medical products.
In addition, HPS will provide Beazley‘s customers and agents with access to online enrollment as well as integration of multiple products for streamlined quoting and billing.
Beazley’s Accident & Health Insurance division writes approximately $1.75bn in annual premiums and maintains policyholders surplus in excess of $400m.
HPS president and CEO Jeff Bak said that Beazley selected HPS to help manage its expansion into all 50 states in the US market.