Davis Management Process TM
Group Benefits | Retirement | Executive BenefitsWe know that your company is unique, which is why we take the time to understand where you were, where you are and where you want to be before addressing the challenges you face. This process encapsulates a systematic approach to formulate effective and customized group benefit management.
Discovery Process
Learning about you and your business
- Discovery Conversation: Introductory meeting to learn more about each other
- Familiarize ourselves with each other’s companies, our values and current business situations
- Discuss your goals, benefits objectives and challenges
- Benefits Objective Setting: Develop a clear understanding of what success looks like
- Discuss potential obstacles and determine if a Davis Benefits Assessment TM is of mutual interest
- Davis Benefits Assessment TM: Introduce strategies, tools and processes to accommodate benefits objectives
- Determine if a relationship with Davis makes business sense
- Agree to do business: Agent of Record form is signed and we become the broker/advisor of your existing plan
Exploring Options and Solutions
- Davis backfills coverage info, collective agreement, claims trending, pooling charge and stop loss review
- Conduct Market Study (if applicable)
- Re-Assess benefits objectives and priorities
- Outline additional considerations, options and opportunities
- Map out action plan
Action Plan and Implementation
- Develop a timeline based on your priorities
- Answer questions and provide recommendations
- When the timing is right, integrate your new strategy seamlessly
Monitoring, Refinement, and Reporting
- An ongoing process
- Meaningful communication throughout the year, including financial updates and employee meetings
- Gather insights on improving service and efficiencies
- Keep you abreast of legislative changes and strategies/tools to better outcomes/ improve efficiencies
- Ongoing Service and Administrative Support
