PHILADELPHIA, Oct. 20, 2020 /PRNewswire/ -- Furthering its
mission to empower wise benefits choices worldwide, Picwell is
pleased to announce it has entered into a strategic partnership
with Brown & Brown, Inc. (NYSE: BRO), the fifth-largest
insurance brokerage in the nation, as ranked by Business
Insurance.
Through this partnership, Picwell's innovative solution will be
made available to Brown & Brown's customers that represent over
30 million employees across the country, allowing them easy access
to Picwell's comprehensive benefits decision support solutions.
"Benefits decisions are one of the largest annual purchase
decisions that people make. It can be challenging for people
without a deep understanding of benefits to balance benefit levels
and personal needs to make an informed decision. To help our
customer's employees get the most out of their benefits plan, Brown
& Brown is proud to partner with Picwell," said Steve Piccolino, Vice President, National
Benefits Technology for Brown & Brown. "Born from the Wharton
School, Picwell's approach simplifies the decision-making process
through employee insights and AI on over 39 million healthcare
purchasing decisions. With Picwell, employees don't have to be
benefits experts, but they can be confident that they made an
informed decision that will meet their unique benefits
requirements. We look forward to expanding our partnership with
Picwell."
Together, Picwell and Brown & Brown will work to not only
provide employers the tools they need to ensure successful
enrollment processes but also to help solve one of their biggest
challenges during benefits enrollment: getting employees enrolled
in the right plans. With Picwell, organizations can educate
employees on all benefits offered, including medical and
supplemental benefits, and even health savings accounts (HSAs).
Picwell's unique tool utilizes artificial intelligence (AI) in
order to determine the best plans for an employees' individual
needs and guides them to the right plans based on their personal
preferences - all in less than 10 minutes.
"At Picwell, our mission is to make health care benefits easy to
understand and empower employees to make wise choices," said
Matt Sydney, CEO of Picwell. "This
partnership with Brown & Brown will make our solution available
at an even larger scale and will allow millions of employees to
benefit from our AI-driven platform."
A recent study found that 92% of employees choose the same
health insurance plan year over year, even though there may be
better options available. Picwell provides comprehensive education
in order to guide employees to the best plans for their needs. On
average, Picwell users save $1000
more per year when they choose a recommended plan and employers
have saved up to $94 per user per
year after implementing Picwell.
About Picwell
Picwell is a healthcare technology
company providing enterprise solutions to enhance health insurance
and employee benefits and improve consumer experiences. Its
flagship offering, Picwell DX, is a SaaS-based decision support
product that uses artificial intelligence to match individuals to
the right health benefits during enrollment by predicting future
care considerations, estimating out-of-pocket expenses, and
accounting for individual preferences. Visit picwell.com to
learn more.
About Brown & Brown
Brown & Brown, Inc. (NYSE:
BRO) is a leading insurance brokerage firm, providing risk
management solutions to individuals and businesses. With a
long-standing history of proven success and thousands of teammates,
we offer knowledge you can trust and strive to deliver superior
customer service. For more information, please visit
bbinsurance.com.
Contact:
Ben Pitts
SVP, Sales & Marketing
bpitts@picwell.com
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SOURCE Picwell, Inc.