Nationwide, Arlo to offer medical stop loss insurance for small businesses

Nationwide, Arlo to offer medical stop loss insurance for small businesses

Arlo will utilize advanced technology in their role as managing general underwriter, helping grow Nationwide's medical stop loss presence in the small business market

Columbus, OH - The rising cost of employee benefits remains a financial concern as inflation continues to hammer businesses, with 49% of small business owners saying it's one of their top challenges, according to a recent surveyfrom Nationwide. As more small businesses turn to level-funded healthcare plans to mitigate employee health plan expenses, a new medical stop loss partnership between Nationwide and Arlo will provide options to help them manage costs more effectively.

Arlo will serve as a managing general underwriter (MGU) for Nationwide as the company continues to grow its strong medical stop loss insurance presence and capabilities, providing a level-funded stop loss solution tailored for small businesses. Level-funded plans can help employers control their health care costs by offering fixed monthly payments, predictable cash flow and flexibility.

Arlo will leverage their extensive underwriting expertise in the small business sector, utilizing advanced underwriting processes and proprietary technology specifically designed for the needs of the small group market. These innovations include seamless application programming interface (API) integrations and an industry-leading online request for proposal (RFP) intake portal, enabling faster, more accurate quotes and enhancing the overall client experience.

"We are excited to partner with Arlo, who is innovating with highly advanced capabilities to provide a seamless, easy experience for our customers," said Syed Rizvi, vice president and chief specialty officer at Nationwide. "In the past, most small groups did not have access to stop loss coverage due to operational complexity and expense concerns. New MGU relationships like these allow us to reach more producers, particularly those serving small to mid-sized employers that are increasingly self-funding and needing medical stop loss insurance."

Jan-Felix Schneider, Arlo co-founder and CEO, added, "Through the use of our innovative technology, we are able to help more small employers offer affordable healthcare coverage to their employees, and we're excited to see that taken to the next level through this partnership with Nationwide."

With more than 20 years of experience in the medical stop loss industry, Nationwide offers a full suite of solutions designed for businesses with between 10 and 5,000 employees. Solutions include traditional self-funding, level-funding and group captives, which provide pooled exposure with other mid-sized companies to help employers minimize risk.

About Arlo
Arlo is a technology-driven Managing General Underwriter (MGU) specializing in level-funded health plans for the small to mid-sized group market. By partnering with third-party administrators (TPAs), Arlo delivers innovative, high-performance health solutions that are easy to implement and help small businesses transition smoothly to level-funded health plans. With proprietary underwriting technology and deep system integrations, Arlo offers seamless quoting, simplified implementation and efficient claims processing, providing a streamlined experience for clients. For more information, visit www.joinarlo.com