International Captive Exchange (ICE), a Health In Tech, Inc. company, has entered into an agreement to serve as the Managing General Underwriting (MGU) for Liberty Mutual Insurance in a program providing employer stop-loss insurance.
Under the agreement, ICE will solicit, underwrite, bind, and issue such policies on behalf of Liberty Mutual.
Tim Johnson, Founder & CEO of Health in Tech, commented, “ICE has been working with the Liberty Mutual company for over a year now, and the performance, growth, and our overall partnership have been excellent. We look forward to our continued growth and collaboration through 2023”
Sophia Aponte, Vice President, Healthcare, said, “Ongoing medical inflation makes medical stop loss an insurance imperative for self-funded employers.”
“We bring a level of expertise and capabilities to the stop loss market made possible by our scale and financial strength as a Fortune 100 company, and welcome ICE as an MGU.”
Operating with advanced AI technology, the Do It Yourself Benefits Systeme (DIYBS), which ICE utilises, underwrites and produces proposals within minutes, greatly reducing the standard industry timeline.
ICE is currently credentialing brokers to use the eDIYBS platform to quote their groups and run their own programs, granting credentials to as many as 30 brokers per day.
