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December 14, 2018 at 07:06 PM
(Related: 5 Peeks Inside Unum, for Agents)
Unum Group is continuing to build a health plan stop-loss insurance program.
Company executives talked about the program recently a 2019 outlook meeting with investors.
A stop-loss program is an insurance policy for an employer-sponsored benefit plan. An employer with a self-insured health plan can use a stop-loss policy to limit its exposure to catastrophic claims, or the kind of barrage of midsize claims that might roll in after a serious flu epidemic.
Unum — a company best known for its disability insurance products, its Colonial Life worksite marketing unit, and its new dental and vision benefits arm — announced in mid-2017 that it would be setting up a stop-loss program, with the first coverage sold taking effect this year.
Since then, Unum has not talked much about the performance of the stop-loss unit.
Executives revealed a few details about the program in an outlook meeting slidedeck.
