Ollis/Akers/Arney Insurance & Business Advisors

With enduring challenges, a strategic approach to risk mitigation is a priority for companies. Ollis/Akers/Arney Insurance & Business Advisors recognized this need in 2008 and transitioned to a risk management, employee benefits, business consulting firm to provide better solutions for complex issues. A focus on education and best practices keeps the 140-year-old Ollis/Akers/Arney ahead of emerging trends to protect assets and livelihoods of clients.

Case Study 1:
Property Review Controls Costs
A large employer had numerous, complicated risks. Ollis/Akers/Arney provided a complete property review with photos, building schedules, updated valuations, and confirmed appropriate coverage limits.

This helped control costs and budget for planned updates to minimize potential risks. It also informed carrier selection for those who had the best fit, structure, and risk appetite.

Case Study 2:
WorkComp Expense Reduction
A client was unaware of their problematic WorkComp Experience Modifier—a number that reflects how well an organization manages their Workers’ Compensation program—or that they could improve it. An Experience Modifier below 1.0 is good; above 1.0 is bad. This company was “running a fever” at 1.7, resulting in higher premiums.

A better Experience Modifier does not happen overnight, but with diligence can be continuously improved. Following assessment of contributing factors, in coordination with the client, the Ollis team focused on improving employee onboarding, onsite nurse education, Safety Team coordination, driver safety program, and facilitated a meeting with the client and Workers’ Compensation carrier to ensure all rebates/dividends were received.

Case Study 3:
60-day HR Scramble
When a mid-size company notified their PEO, a full-service HR outsourcing company, of their intent to bring HR in-house, they learned they would not gain access to their records.

The Ollis/Akers/Arney HR Consulting team eased the transition by handling the rehiring of all existing employees, conducting onboard and transition meetings, and recreating HR forms, documents, employee handbook and training programs. This 60-day whirlwind helped ensure a smooth transition for employees.

Case Study 4:
Late Benefits Renewals Costly
Late renewals, no long-term strategy, and challenged communications with prior benefits insurance providers plagued a 500+ employee company. Lack of structure and timeliness resulted in a rush to market for quotes and hastily reviewed plans, risking unnecessarily high premiums and coverage gaps.

After completing the Ollis IQRM Assessment, the client opted for the Ollis EDGE 360 model, exclusively offered to Ollis/Akers/Arney clients. The Ollis EDGE 360 model ensures structure and timeliness.

Once the process was aligned, focus turned to data analysis, evaluation of benefits, and future strategies. The Ollis team worked closely with the client to develop a strategic plan that included a story to the insurance marketplace. The documented and calendared process eliminated last-minute meetings, lessened the stress of renewal/open enrollment, and eliminated reactionary decisions.

More Case Studies
The philosophical business model shift is resonating in the marketplace as evidenced by Ollis/Akers/Arney market share growth, and a 16.5% four-year average annual growth in stock valuation for its employee-owners.

Read additional and expanded case studies at OllisAkersArney.com/case-studies.