Key Takeaways
- Since 2019, BeneRe has expanded from three employers to 167 large companies.
- BeneRe now represents over 1.6 million employees nationwide.
- Since inception, BeneRe has returned over $23 million in captive distributions, supporting employer reinvestment in employee wellness programs.
The story of BeneRe’s growth is rooted in a simple mission: to provide reliable and valuable financial protection for employees across industries. By partnering with employers, brokers, and trusted carriers, BeneRe has built a unique insurance model that not only covers essential benefits but also gives back to employers, supporting their financial health and commitment to their teams.
Our approach is guided by our core values of transparency, innovation, family, integrity, and partnerships, creating a foundation of trust and accountability that benefits both employers and employees alike.
A Story of Steady Growth – and Gratitude
In 2019, BeneRe started small, partnering with three employers representing approximately 35,000 employees. Guided by the belief that supplemental benefits should do more than fill a gap – they should build a true safety net – BeneRe’s model attracted like-minded companies across industries. Today, 167 large employers have joined the BeneRe program, trusting us to help safeguard the financial well-being of more than 1.6 million employees across the U.S. For this, we are very proud – and very grateful.
A Unique Insurance Approach with Real Returns
One aspect that sets BeneRe apart is our group captive insurance program. Through this model, BeneRe combines the premiums of all employees into a unified, fully insured pool that gives back underwriting gains directly to participating employers as dividends. Since our inception, we have returned over $23 million in captive distributions to our employers, enabling them to reinvest these funds in employee wellness initiatives.
Why Our Model Works
- Risk Management That Benefits Employers
By grouping large numbers of employees under one captive insurance model, BeneRe has created an innovative program where the risk is collectively managed and predictable, reducing costs for individual employers while providing robust benefits. This risk management approach supports stable, ongoing protection for employees, making it easier for companies to offer supplemental coverage without the strain of unpredictable costs. - Valued Partnerships with Carriers and Brokers
BeneRe’s success is built on our strong relationships with industry-leading carriers and brokers. With their expertise, we’ve created a program that scales for each company, regardless of size or industry. Working hand-in-hand with trusted partners means BeneRe can offer high-value, high-impact insurance coverage that genuinely meets employees’ needs. - Direct Financial Returns to Employers
Through our captive insurance approach, participating companies benefit financially. Unlike traditional models, any gains achieved through effective underwriting are distributed back to the employer. This has resulted in millions returned to employer partners, supporting their ability to reinvest in benefits or allocate funds to other employee wellness programs. - Employer-Funded Supplemental Benefits Opportunities
Employers can attract and retain talent by paying for supplemental benefits and financially protecting 100% of employees. Benefits include: relatively inexpensive for employers; better pricing from insurance carriers; and encourages employees to enroll in high-deductible plans which helps the employer’s bottom line. This allows employers to cover all employees with cost reductions for the same coverage plus higher paid claims.
The Future of Employee Financial Protection with BeneRe
We are grateful for the employers who have partnered with us and proud that we have a 99% retention rate with the companies we have served. We are dedicated to building a future where benefits make a tangible difference in employees’ lives while providing measurable returns for employers.
To learn more about how BeneRe can support your company’s benefits strategy and create additional financial protection for your workforce, reach out to us today for a consultation and program analysis.
Reach out to BeneRe for a complimentary financial analysis of in-force programs today.