NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc.
’s (NYSE:
PRU -
News) Group Insurance business announced today the introduction of Pru Analyzer, its new analytical reports, which provide an enhanced level of detailed analysis
– above standard claim experience data
– designed to help employers understand the factors driving their benefit plan costs. These dynamic, consultative reports compile and analyze data to help employers better administer their plans and make better benefit decisions. Pru Analyzer reports are available to clients based on volume of claim activity and complexity of their benefit plan offerings.
“Our market-leading reports are based on Prudential’s many years of industry knowledge and experience,” said Jim Porter, vice president of Underwriting, Group Insurance. “Pru Analyzer provides insight on how a particular employer’s benefit costs compare with others in their industry as well as Prudential’s broad-base of clients.”
Prudential’s team of analysts, as part of an enhanced consultative service, creates customized reports for clients on a mutually agreed upon schedule. Pru Analyzer reports represent a culmination of online reporting data, coupled with hands on market expertise, and an interactive dialogue between account managers, analysts, and clients. In doing so, clients receive an easy to read and convenient to use data report and custom commentary that will help them with decisions on plan provisions or remedial health measures. For example, claims experience data might suggest updating disability offerings or initiating ergonomic and wellness programs to improve plan experience.
“Feedback from our clients identified a need in the market for this type of analysis. Prudential’s long history in group life and disability insurance makes us uniquely qualified to develop reports that help our clients better understand how their plans are working and, more importantly, how we can work together to refine benefit offerings to better suit their needs,” said Wayne Benseler, Senior Vice President and Chief Actuary, Group Insurance.
Porter noted, “Our recent Trends in Benefits Web Technology report highlighted how most employers still believe that the Internet is an essential service channel going forward but that these tools are not fully delivering on their corporate objectives. The added human interaction and expertise stemming from the analytical reports’ development process are helping us bridge this gap. With Pru Analyzer, we are doing the leg work for our clients by analyzing a great deal of the online data available to them and adding market context to help them make better decisions.”
Prudential’s Trends in Benefits Web Technology: 2006 Research Among Benefits Plan Sponsors report is available on www.prudential.com. The report gauges employers’ and employees’ overall usage and satisfaction with their group insurance carriers’ web-based tools and provides insight into the trends in benefits web technology over the next five years.
Prudential Financial, Inc. (NYSE: PRU - News), a financial services leader with approximately $637 billion of assets under management as of September 30, 2007, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit www.prudential.com.
Group coverages issued by The Prudential Insurance Company of America, Newark, NJ.
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Source: Prudential Financial, Inc.
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