Timely blogs from our Mercer Marsh Benefits professionals on the issues and trends that affect your business – and your bottom line.
Self-funding, or self-insurance, as it is often called, has been around for some time. It is a funding arrangement through which an employer assumes direct financial responsibility for the costs of an employee’s medical claims. Typically, when an employer sponsors self-funded plans, they would contract with a third party administrator (TPA) or insurer, who will provide administrative services for such a plan.Read more
There's a good chance that anyone with a computer, laptop or mobile device is most likely aware of the major cyber-attack that took place in May this year - the WannaCry ransomware. Hitting hospitals, government agencies and other organizations, this attack held 230,000 computers hostage with a ransom demand of US$300-US$600 in bitcoin payments.Read more
Risk managers in today’s disruptive and tech-driven era face a fundamental conundrum: Having to do more with lesser resources.