The world of insurance and employee benefits might seem a bit old fashioned or perhaps even boring to some, but it is changing dramatically as a result of technology and legislation such as America’s new health law, the Affordable Care Act, known to many as Obamacare.
Established insurance firms are evolving in exciting ways and that is certainly the case with Miami’s 64-year-old Morris & Reynolds Insurance, which recently announced that it had been asked to join the prestigious Benefit Advisor’s Network.
Morris & Reynolds is the only South Florida member of the Benefit Advisor’s Network (BAN), a collection of 60 of America’s largest employee benefits insurance brokers and advisors. BAN agencies employ over 1,200 insurance professionals and are responsible for insuring about 3 million people through thousands of businesses nationwide. BAN clients spend over $16 billion each year on health insurance and collectively, Morris & Reynolds and BAN-affiliated firms would rank within the Top 10 of all benefit insurance consulting firms in the United States.
“We are proud to welcome Morris & Reynolds Insurance into our organization,” said BAN executive director Perry Braun.
“They, along with all other Benefit Advisors Network members, are privately held, meaning our firms can stay focused on and responsive to the needs and expectations of their clients; not stockholders.
They understand what employers need and want while simultaneously taking advantage of the resources that the national network provides. Bob, Juli and their team pride themselves on being strategic and innovative problem solvers, which is exactly what employers need out of their benefit brokers in today’s market. Morris & Reynolds is the best-of-the-best in their market.”
Founded by five benefit expert agencies, BAN is an exclusive national network of independent employee benefit brokerage and consulting companies such as Morris & Reynolds Insurance. BAN members deliver industry leading tools, technology and expertise so that they can deliver optimum results to their employee benefit customers.
“We are thrilled to be part of this exclusive group of insurance and employee benefit professionals,” said Morris & Reynolds president/CEO Bob Reynolds. “Our BAN membership helps our agents and underwriters design the most effective benefit plans possible for our clients
while controlling their costs, helping them stay compliant and offering the deep expertise that they need and deserve.
“Our clients need us more today than ever before and not just for our entire market access, strong negotiation skills or dayto- day care and advocacy. Providing answers and advice on a range of complex topics ranging from state and federal compliance to a variety of legal matters is increasingly important to businesses today and our BAN membership is an example of our innovative commitment to our clients, something that is as important today as was the case when my grandfather founded our agency in 1950.”
BANs members, known as Smart Partners partly because of their highly collaborative interactions, are extensively screened prior to being granted membership to ensure that they distinguish themselves from their competitors through their knowledge of the industry, ethics, business acumen, and strategic vision. The Benefit Advisor’s Network Smart Partner program allows Morris & Reynolds Insurance to provide its clients with industry leading solutions in several key areas including Controlling Client’s Costs, Helping Clients Stay Compliant, creating Effective Benefit Plans and offering a full scope of Industry Expertise not typically found elsewhere within the insurance and benefit’s consulting industry.
Morris & Reynolds vice president Juli Reynolds, who leads the firm’s financial and employee benefits practice, outlined some of the tools and services that her firm’s BAN membership provides to its clients.
“Our partnership offers our clients robust solutions in a variety of critical areas, including actuarial services, captive insurance plan creation & operation, data analytics & benchmarking, employee education, hr administration & technology, human resources management, legal & compliance advice, pharmacy cost consulting, private exchanges and wellness programs,” Reynolds said. “These resources build on the tools that we have long offered, as well as our industry-leading client care and passionate advocacy that are not found anywhere else to make what we feel is a wonderful winning combination for our clients.” For more information about why you should consider working with a member of Benefit Advisors Network such as Morris & Reynolds Insurance, visit www.WhySmartPartners.com.
For more information about Morris & Reynolds Insurance, call 305-238-1000 or visit www.morrisandreynolds.com.