Prudential Financial introduces Stop Loss Insurance
Prudential Financial, Inc. (PRU)
Last prudential financial, inc. earnings: 2/4 04:18 pm
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Source: Business Wire
New offering allows employers with self-funded medical plans to manage the risk of high medical claim payouts NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) has introduced a Stop Loss Insurance product aimed at helping protect companies with self-funded employee medical plans against catastrophic medical claim payouts.With Stop Loss Insurance, employers can set a cap on their potential employee healthcare spend and transfer some of the claims volatility to The Prudential Insurance Company of America.“Self-funding medical plans can be a great way to save money and gain more control for employers, but it means taking on the potential risk from catastrophic claims,” said Jess Gillespie, head of Prudential Group Insurance Product & Underwriting. “Prudential is offering Stop Loss Insurance to help solve the No. 1 driver of employer benefit costs, which is their medical spend.”1Prudential’s Stop Loss product suite is available to employers with self-funded medical
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PRU
Earnings
- 8/1/24 - Miss
PRU
Sec Filings
- 9/17/24 - Form 424B2
- 9/16/24 - Form 4
- 9/16/24 - Form 4
- PRU's page on the SEC website