{"id":36760,"date":"2026-01-29T12:45:40","date_gmt":"2026-01-29T18:45:40","guid":{"rendered":"https:\/\/www.bbrown.com\/?post_type=case_study&#038;p=36760"},"modified":"2026-01-29T12:46:26","modified_gmt":"2026-01-29T18:46:26","slug":"benchmarking-and-financial-reviews","status":"publish","type":"case_study","link":"https:\/\/www.bbrown.com\/us\/case-study\/benchmarking-and-financial-reviews\/","title":{"rendered":"Benchmarking and Financial Review Reveals 15% Annual Savings"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row row_style=&#8221;page-hero&#8221; full_width=&#8221;stretch_row_content_no_spaces&#8221;][vc_column]\n\t<div class=\"hero hero--wrap    \">\n\n\t\t<div class=\"hero--background-image hero--background-image-blur\">\n\t\t\t<div class=\"hero--overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"hero-background\" style=\"background: url(https:\/\/www.bbrown.com\/wp-content\/uploads\/2023\/05\/AdobeStock_35113458-scaled.jpeg) center center no-repeat; background-size: cover;\"><\/div>\n\t\t\t\t\t<\/div>\n\n\t\t<div class=\"hero--container\">\n\t\t\t<div class=\"container\">\n\t\t\t\t<div class=\"hero--inner width-100\">\n\n\t\t\t\t\t\n  <div class='content-heading  100%  '>\n    <p class='text-white subheading'>Case Study<\/p>\n    <h1 class='text-white    '>\n      Benchmarking and Financial Review Reveals 15% Annual Savings\n    <\/h1>\n\t\n  <\/div>\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n[\/vc_column][\/vc_row][vc_row row_padding_bottom=&#8221;pb-2&#8243; full_width=&#8221;stretch_row&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;bottom&#8221;][vc_column width=&#8221;1\/4&#8243;][vc_single_image image=&#8221;791&#8243; img_size=&#8221;full&#8221;][\/vc_column][vc_column width=&#8221;3\/4&#8243;]\n  <div class='content-heading  100% content-heading--ruled '>\n    \n    <h2 class='text-brand-dark-blue    h2'>\n      The Request\n    <\/h2>\n\t\n  <\/div>[vc_column_text css=&#8221;&#8221;]<\/p>\n<h3>Need for cost-containment strategies amid soaring Long Term Disability (LTD) rates<\/h3>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_top=&#8221;pt-1&#8243; equal_height=&#8221;yes&#8221; content_placement=&#8221;bottom&#8221;][vc_column][vc_column_text css=&#8221;&#8221;]<\/p>\n<h4><strong>Company Profile<\/strong><\/h4>\n<p><strong>Industry:<\/strong> Biological Products Manufacturing<br \/>\n<strong>Coverages:<\/strong> Life, Disability, Supplemental Health, Leave<br \/>\n<strong>Covered Lives:<\/strong> 1,000+<\/p>\n<p>The customer faced a 170% renewal increase for LTD coverage after marketing their plan. They needed a comprehensive plan design and financial review to identify cost-containment strategies and mitigate the impact of this significant rate hike.<\/p>\n<p>The Brown &amp; Brown Practice Lead requested a benchmarking and financial review analysis to uncover opportunities for improvement.[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_bottom=&#8221;pb-2&#8243; full_width=&#8221;stretch_row&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;bottom&#8221; css=&#8221;.vc_custom_1638896243466{background-color: #eaeaec !important;}&#8221;][vc_column width=&#8221;1\/4&#8243;][vc_single_image image=&#8221;794&#8243; img_size=&#8221;full&#8221;][\/vc_column][vc_column width=&#8221;3\/4&#8243;]\n  <div class='content-heading  100% content-heading--ruled '>\n    \n    <h2 class='text-brand-dark-blue    h2'>\n      The Solution\n    <\/h2>\n\t\n  <\/div>[vc_column_text css=&#8221;&#8221;]<\/p>\n<h3>Comprehensive review identifies gaps and unlocks savings potential<\/h3>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_top=&#8221;pt-1&#8243; full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1638896256859{background-color: #eaeaec !important;}&#8221;][vc_column][vc_column_text css=&#8221;&#8221;]The Brown &amp; Brown Non-Medical General Agency (NMGA) team conducted an in-depth benchmarking and financial review, resulting in customized recommendations to manage risk, control costs and enhance benefits.<\/p>\n<p><strong>Key findings included:<\/strong><\/p>\n<ul>\n<li>The customer recently transitioned from a research company to a manufacturing company, changing their industry classification and risk profile.<\/li>\n<li>Current plan designs were misaligned with the new risk level.<\/li>\n<li>Basic Life and Long-Term Disability coverages were above benchmark.<\/li>\n<li>The customer faced exposure in 10 states with statutory disability plans.<\/li>\n<\/ul>\n<p>Recommendations focused on aligning plan design with industry standards, leveraging surplus funds and reducing claims incidence.<\/p>\n<ul>\n<li>Suggested leveraging surplus from Life and Supplemental Health to offset the LTD increase.<\/li>\n<li>Voluntary Life heatmapping revealed only 13% of enrolled employees exceeded the guaranteed issue limit while 38% of those enrolled had coverage below the guaranteed issue limit identifying an opportunity for increased participation without Evidence of Insurability.<\/li>\n<li>Recommended LTD plan adjustments to improve performance while staying above benchmark.<\/li>\n<li>Proposed plan changes to reduce claims incidence.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.strategicnonmedicalsolutions.com\/hubfs\/Financial%20Review%20-%20Company%20B.pdf\" target=\"_blank\" rel=\"noopener\">View Sample Financial Review<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_bottom=&#8221;pb-2&#8243; equal_height=&#8221;yes&#8221; content_placement=&#8221;bottom&#8221;][vc_column width=&#8221;1\/4&#8243;][vc_single_image image=&#8221;792&#8243; img_size=&#8221;full&#8221;][\/vc_column][vc_column width=&#8221;3\/4&#8243;]\n  <div class='content-heading  100% content-heading--ruled '>\n    \n    <h2 class='text-brand-dark-blue    h2'>\n      The Results\n    <\/h2>\n\t\n  <\/div>[vc_column_text css=&#8221;&#8221;]<\/p>\n<h3>Optimized costs and aligned risk for long-term success<\/h3>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_top=&#8221;pt-2&#8243; equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221;][vc_column][vc_column_text css=&#8221;&#8221;]<strong>15% Annual Savings Compared to Initial Renewal Premium<br \/>\n<\/strong>Achieved reduced renewal premium compared to initial renewal increase on Basic Life and LTD, delivering significant cost efficiencies year over year.<\/p>\n<p><strong>Enhanced Risk Strategy<\/strong><br \/>\nProvided clear insights into how the updated industry code influences manual rates and risk assessment, enabling smarter decision-making.<\/p>\n<p><strong>Future Plan Optimization<\/strong><br \/>\nDisability plan changes are currently under consideration to further strengthen benefits offerings.[\/vc_column_text][vc_single_image image=&#8221;1423&#8243; img_size=&#8221;medium&#8221; onclick=&#8221;custom_link&#8221; img_link_target=&#8221;_blank&#8221; css=&#8221;&#8221; link=&#8221;https:\/\/www.bbrown.com\/wp-content\/uploads\/2026\/01\/Case-Study-\u2013-Benchmarking-and-Financial-Review-reveals-15-Percent-Annual-Savings-\u2013-NMGA_01.28.2026_editable.pdf&#8221;][\/vc_column][\/vc_row][vc_row][vc_column]\n  <div class='content-heading  100% content-heading--ruled '>\n    <p class='text-brand-blue subheading'>Ready to help minimize your risk and uncertainty?<\/p>\n    <h2 class='text-brand-dark-blue   text-bold h2'>\n      Contact us for more information.\n    <\/h2>\n\t\n  <\/div>\t<div class='wpb_content_element text-left btn-container'>\n\t\t\t\t\t<a class='btn btn-brand-green  '\n\t\t\t\thref='\/us\/contact' target='' data-toggle=''>\n\t\t\t\t<span class=\"btn-text-color--default\">Contact Us<\/span>\n\t\t\t<\/a>\n\t\t\t<\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<span style=\"font-weight: bold; font-style: italic; font-size: 10.0pt; background: white;\">DISCLAIMER:<\/span><span style=\"font-style: italic; font-size: 11.0pt; background: white;\">\u00a0<\/span><span style=\"font-style: italic; font-size: 9.0pt; background: white;\">Brown &amp; Brown, Inc. and all its affiliates, do not provide legal, regulatory or tax guidance, or advice. If legal advice counsel or representation is needed, the services of a legal professional should be sought. The information in this document is intended to provide a general overview of the topics and services contained herein. Brown &amp; Brown, Inc. and all its affiliates, make no representation or warranty as to the accuracy or completeness of the document and undertakes no obligation to update or revise the document based upon new information or future changes.<\/span>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Brown &#038; Brown Non-Medical General Agency (NMGA) team conducted an in-depth benchmarking and financial review, resulting in customized recommendations to manage risk, control costs and enhance benefits.<\/p>\n","protected":false},"author":66,"featured_media":36761,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"service":[12],"industry":[162],"location":[17],"class_list":["post-36760","case_study","type-case_study","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Benchmarking and Financial Review Reveals 15% Annual Savings - Brown &amp; 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