Market Research

Market Research Services

A business can thrive only when it fully understands the needs and desires of its clients and develops business strategies designed to meet those needs and desires. Through years of experience and market knowledge, NBI’s quote strategy team positions employers for success by better understanding major carrier markets and trends, engaging automated proposal systems for maximum efficiency, and distinguish measurable differences and benchmarks from proposals received, that ultimately decision makers review to solve benefit package goals.

THE THREE BASIC ITEMS REQUIRED TO ENGAGE QUOTING RESEARCH:

  • A Census containing basic demographics of participating employees
  • Current/Most Recent Renewal document from the current insurance carrier
  • Claims History from the current insurance carrier

Once NBI establishes a working relationship, our in-house systems maintain market research and analytical data required to quote competitive carriers going forward. Being an independent “BROKER” Agency means NBI literally holds contracts & offers all the major brand medical carriers operating in Texas. Our clients enjoy market research comparisons between every major brand medical carrier with side-by-side analysis to make a “BEST PACKAGE” decision! Many of these insurance carriers you may know by name, such as Blue Cross Blue Shield of Texas, Aetna, UnitedHealthcare, Cigna, Humana, Allstate, Trustmark, and Baylor Scott & White. However there are many other market carriers, who are not as familiar to some, who do a great job and could be a great option depending on company size. Some of these key market carriers include Sana Benefits, Gravie, ABA Administrators, Allied National, Exemplar, Optum, and Health EZ. Researching multiple markets for similar structured benefits brings our customers proposals with the highest level of coverage at the most affordable cost. 

Which Benefits Do Your Employees Find Most Valuable?

2021 METLIFE Benefit Trends Healthcare Study

Employees Are Most Interested In

Since “Perception is Reality,” How Does Your Current Benefit Package Match Up Against Trending Employee Perception?

Market research and analysis should be a complete game plan approach. One that’s informed about employee needs and perception, coupled with an ability to research multiple carrier markets and strategies. Those findings are important and crucial in creating recommendations that are in line with your company’s short and long-term goals. NBI’s recommendations will turn into viable solutions which lead to favorable results. As a true independent Broker, the NBI Team thrives on bringing our clients comprehensive research and unique strategies with NON-BIASED analysis in order to make those critical, go-forward decisions!

Call (817) 339-8977 to learn more about market research.

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