Risk International Launches Group Benefits Risk Management Practice

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Veteran Group Benefits strategist to lead risk reductions, cost savings for employers

Risk International

“The business of Group Benefits is changing,” said Eric Krieg

Risk International today announced the launch of a practice focused on Group Benefits management. Its fee-for-service offering is designed to deliver unbiased counsel that will help employers recognize ways to mitigate employee and workplace risks and apply lean management principles to Group Benefits programs, according to Michael Davis, President and CEO.

This new practice, Risk International Benefits (RI Benefits), will be led by Eric Krieg. He brings 30 years of experience in group health insurance program strategies. As the newly appointed Managing Director, he will be combining total cost of risk (TCOR) methodologies with his experiences both in employee risk management and group benefit procurement and pricing. He previously served as Senior Vice President and Group Benefits practice leader for the insurance brokerage Oswald Companies.

“The business of Group Benefits is changing,” said Krieg. “As a result, employers are forfeiting managerial staffing from excessive focus on unproductive activities and approaches that have not proven to control costs. These changes, combined with the major influence of the Affordable Care Act, mean the type of support that employers require needs to be considerably different too.

“Risk International Benefits is built for the future, with new tools and methods for managing the changing landscape and simplifying the function for employers.”

Krieg is applying TCOR to the evaluations of Group Benefits programs. The objective of his newly formed practice is to offer unbiased counsel to employers when determining how best to reduce employee health and safety risks, contain related costs, and return management focus to profit generating activities that serve customers and support the business.

“Our commitment to understanding clients, combined with our independence from competing interests, allows us to identify windows to capture money, time, and lost focus for clients,” said David O’Brien, Chairman. “Eric’s arrival and his leadership give us the power to now apply our approach to Group Benefits programs, so we can deliver more strategies to clients that return cash and managerial focus.”

Founded in 1986, Risk International offers risk management, insurance claims mitigation, loss prevention, claims recovery and due diligence services to Fortune 1000 clientele. The recent acquisition of Consolidated Risk Management is enabling Risk International to expand service capacity to the growing outsourced risk management needs of middle market companies that earn $100 million or more in revenue and have a total cost of risk of at least $1 million. Risk International’s fee-for-service RI Benefits practice will offer targeted services to both Fortune 1000 and middle market companies alike.

About Risk International

As a global risk management consulting company, Risk International has helped clients save or reduce the cost of risk by nearly $1 billion collectively since opening its doors in 1986. The firm is ranked as one of the top three risk management companies in the U.S. by Business Insurance magazine.

For additional information on Risk International, please visit http://www.riskinternational.com/about.htm

Contact: Andrew Whitman, 704-837-1909, awhitman(at)riskinternational(dot)com

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