Insurance: Save $200 annually in managing cost for each employee
Can you imagine a consumer being injected a VeriChip to deal with CitiGroup, delivering a DNA sample to deal with Deutche Bank, using a CDMONEY card with HSBC or "Kheops" with RBC, biometry of the eye with CIBC, etc., to satisfy needs that are presently fulfilled with only one card? What about retailers and vending machines that ought to be equipped with different technologies...
The answer is obviously NO. It is unthinkable and absurd for banks to conspire such a technological set back when they can, at the moment, cash in enormous profits and offer whatever changes are necessary without having to worry about the vehicle being used. Above texts, prepared by Falsoaxanrumor Press Agency (Read: False Hoax and Rumor), aim at demonstrating how ridicule CUSTOMIZED AND INDEPEDANT management could be. Nevertheless, for years the insurance industry has been following such inefficient system. Now, there exists a solution!
Group insurance insurers register an average annual managing cost of 23%. Costs increase to an average of 30% annually when enterprises' administrative expenses as well as financial losses, related with useless handling of benefits by actuaries and/or advisors, are added. With an average group insurance premium amounting to $1700, each employee or INDIVDUAL PAYS an average of $500 in administrative expenses each year.
MDI has invested large amounts of money over the past seven years to create C-SURANCE.CA, a UNIVERSAL and COLLABORATIVE service for ALL group insurance stakeholders to interact in real time. C-surance.ca is for insurance what plastic is for banking cards.
MDI's proposal gives each stakeholder (insurer, sponsor, actuary, enterprise, union, government, health professional, health and service provider) access to a unique platform which contains both the necessary technology to manage ALL activities (sales including RFP's management and comparative analysis, each administrative functionality to manage premiums and employer/employee's contributions, and the adjudication of claims in real time) and authorized databases.
As such, it creates exponential communications between MDI and stakeholders. In most cases, reactions are very positive. Anyone, including other stakeholders, is able to identify the individual concrete advantage that exists.
Customers
Customers (companies, unions or government) are the first one to benefit from C-surance.ca. Even if their insurer is late joining, the customer ROI is impressive and available within a short period of time.
One of MDI's customers that elected for full self-management, in a self-funded mode, was able to save more than $200,000 a year since 2002, the year after implementing C-surance.ca's basic technology. This accounts for more than $200 for each of the 1000 employees, more than 40% saving on the average costs registered in the industry. Additional savings can be expected when new stakeholders join C-surance.ca's network.
The service is there. It is up to individual stakeholder to discover and act so to maximize their short, medium and long term profits.
MDI invites you to attend one of the Enterprises seminars to find out how you can reduce your administrative costs and ease access to the necessary information.
C.surance.ca offers Sponsors a unique opportunity to focus their energy on first level counselling services. Companies adopting the service will get the support of a certified professional. As MDI's strategic Partner, he is able to take advantage of major business opportunities in promoting a solution which provides customers with so many benefits while reducing their operation costs and improving their access to the available information.
Specialize Seminars are being organized for sponsors and insurers enabling them to appreciate how C-surance.ca can provide added-value to their products and increase their net returns.
