Big data

Groundbreaking advances in service delivery models, data analytics, mobile capabilities and more are reshaping the workplace, says Lockton’s Steve Tomac.

Groundbreaking advances in service delivery models, data analytics, mobile capabilities and more are reshaping the workplace, says Lockton’s Steve Tomac.

Technology has opened brokers up to liabilities and compliance nightmares through data breaches, hackers, and other cyber security risks.

There are three key areas advisers should focus on when working with client data, says Andrew Kimmel.

The approach enables plan sponsors to spot utilization trends and the effects certain programs have on retention, according to ADP’s Marc Rind.

Employee information uncovers specific issues and provides action points for clients, leading to more business for advisers, says Crawford Advisors’ Scott Mayer.

Adviser Alex Assaley and his agency built a Web platform to help plan sponsors educate employees and relieve their money distress.

Adviser Alex Assaley and his agency built a web platform to help clients educate employees and relieve their financial distress.

Big data will lead to better informed plan recommendation engines, resulting in more educated benefits decision-making and a better user experience for employees, says Businessolver's Jon Shanahan.

Big data will lead to better informed plan recommendation engines, resulting in more educated benefits decision-making and a better user experience for employees, says Businessolver's Jon Shanahan.

As a result of the Affordable Care Act, employers are looking for their brokers to do more than simply provide a health insurance quote.

Companies that have been transmitting data under the provision will need to identify alternative paths for compliant personal information transfers.