Granular Insurance
Granular Insurance specializes in employer benefit risk sharing, utilizing data-driven insights and predictive analytics to manage health-related financial risks.
Services
Granular Insurance provides intelligent employer benefit risk sharing through data-driven insights and predictive analytics. They offer a Precision Risk solution designed to combine state-of-the-art analytics with multi-year rate protection, enhanced by health management innovations. The company's goal is to provide self-funded employers with greater stability and predictability in managing employee health benefits costs, ensuring minimal cost volatility despite diverse health-related needs within the workforce.
Precision Risk Solution
Granular Insurance's Precision Risk solution is a cornerstone of their service offerings. This approach segments a client's population into as many as 22 unique cohorts, allowing for a more precise assessment of risk and better cost management. The Precision Risk method helps clients stabilize employee health benefits costs by reducing variability in cost projections. This solution also includes multi-year rate and benefit guarantees, offering employers financial predictability and helping to manage and mitigate the complexities of healthcare expenses.
Data-Driven Analytics
Granular Insurance leverages advanced data analytics to provide a better understanding of employee health risks and costs. By using predictive analytics and an intelligent framework, the company can offer more accurate risk assessments and expectations for claims costs. This data-driven approach allows for tighter clusters of expected claims, giving employers a more precise and dependable estimate of health benefits costs over multiple years.
Risk Segmentation
The risk segmentation strategy employed by Granular Insurance divides a demographic population into up to 22 distinct cohorts. This detailed segmentation enables a more accurate identification and management of health-related risks across an employer's workforce. By understanding these distinct segments, Granular Insurance can deliver better estimators and tailored strategies that reduce the overall risk variability, leading to more predictable and controlled benefit costs.