Growing complexity within the employee benefits space, along with various economic developments, will offer benefit brokers and advisers tremendous growth opportunities in the future, new LIMRA research suggests.
Nearly 60% of employers expect to have a greater reliance on brokers over the next five years, according to The Future Is Now — Workplace Benefits Distribution Amid a Changing Landscape. Key drivers include benefits administration becoming more complicated and growing demand for data driven-insights about the value of benefits. Brokers, who were interviewed along with employers and insurance carriers, are expected to vet carriers for enhanced delivery models and a service-first mindset.
