LeClair Group has launched Benafica, a new division which integrates all the technology services and insurance administration under one umbrella.
LeClair Group said its core business as a health and life insurance distributor remains unchanged.
Benafica’s Software as a Service (SaaS) based technology platform is utilized to administer blocks of insurance business for large employer groups, associations, and insurance processing organizations.
The platform brings together the entire aspects of policy administration into one online platform that creates greater workflow efficiency, better customer experience, and lower overall costs of administration.
It includes functionality that supports insurance billing and payments, key forms creation, claims management, commission processing, and COBRA administration.
LeClair said the ability to white label the platform allows client groups to use the platform as a value-added offering to their services.
At present, the software platform has 25,000 policyholders, with 50,000 more policyholders anticipated to be on-boarded this summer.
The company said client groups can access the software via a software licensing model, or by fully outsourcing all aspects of policy administration and customer support to the Benafica team.
LeClair Group information services director Dan Krueger said: “the Benafica platform was designed to be an insurance consolidator and to bring insurance administration into the 21st Century. Now groups with multiple insurance offerings can manage these programs together, eliminating the need for legacy systems and redundancy.”
The company said it will continue to operate as a nationally licensed insurance distributor, bringing quality insurance companies and their products to independent agent distributions.