Risk Strategies Adds to Services Capabilities with Acquisition of United Health Actuarial Services, Inc.
BOSTON, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced the acquisition of United Health Actuarial Services, Inc. (UHAS), a health actuarial, management, and underwriting consulting firm based just north of Indianapolis in Carmel, Indiana. Terms of the deal were not disclosed.
Founded in 2000 by CEO Karl Volkmar, UHAS provides health actuarial, management, and underwriting consulting services supporting the full spectrum of individual, group medical, and supplemental health coverages and products for a wide variety of private- and public-sector clients.
UHAS’ comprehensive services help clients make informed decisions when dealing with health-related products and coverages, including fully-insured and self-funded medical and stop-loss, short- and long-term disability, long-term care, supplemental and voluntary benefits, and Medicare Supplement and Medicare Advantage, among many others.
“With the right skill set, today’s data-rich world can drive smarter decisions about risk, liability, and benefit plan design,” explained John Greenbaum, Risk Strategies’ employee benefits national practice leader. “As part of Risk Strategies, UHAS will provide our clients and practice teams access to world-class, data-driven insights to solve tough problems.”
Although headquartered in Indiana, the company’s professionals and clients are located throughout the country. UHAS services a broad range of clients that include captives, private- and public-sector employer and multi-employer groups, health insurers and health plans, managed care organizations, networks and providers, federal and state regulators, reinsurers, managing general underwriters, and third-party administrators.
“We’ve built a thriving business by truly partnering with our clients and providing superior resources and services that create significant value and competitive advantages for our clients,” said UHAS’ chief executive officer, Karl Volkmar. “Joining with Risk Strategies is a great way to retain our strengths while greatly expanding our resources and potential opportunities.”
Whether through one-time projects or long-term engagements, UHAS consultants serve clients in many capacities, often serving as their clients’ actuarial departments and as part of their management teams. Deeply experienced in their disciplines, UHAS consultants deliver a broad range of actuarial services relating to a variety of product lines. For example, in employee health and welfare benefits, they consult on issues ranging from budgeting/forecasting and plan design and contribution analyses to liability/reserve development and certifications, Part D creditable coverage testing and more.
The UHAS acquisition builds on Risk Strategies’ employee benefits practice goal of adding to its specialty services capabilities. Most recently, it announced the acquisition of Corporate Benefit Audits, a provider of claim outsourcing and audit services to the medical stop loss, managed care, and self-funded industries.
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About Risk Strategies Risk Strategies is a privately held, national firm with offices across the country. As a leading U.S. insurance broker, the company offers sophisticated risk management advice as well as insurance and reinsurance placement for property & casualty, healthcare and employee benefits risks. Risk Strategies serves commercial companies, non-profits, public entities and individuals, and has access to all major insurance markets. Ranked among the top 20 brokers in the country, Risk Strategies has offices in more than 50 locations nationwide including Boston, New York City, Chicago, Miami, Atlanta, Dallas, Nashville, Los Angeles and San Francisco.
Media ContactSarah Sturbassturba@matternow.com(401) 432-6503