QBE North America's Accident & Health division launches new Experience Refund Stop Loss product.

Monday, September 28, 2015

New York, NY – QBE North America's Accident & Health division now offers QBE Rewards, a new medical stop loss experience refund product that is one of the most comprehensive and competitive available on the market.

Self-funding is the most effective way to stabilize the costs of delivering health care insurance to employees, and QBE clients can now realize additional benefits from their medical stop loss coverage as a result of favorable claims experience with QBE Rewards.

Medical stop loss premiums are typically the largest fixed expenses of a self-funded benefit program, and these expenses are a direct reflection of an employer's loss history. The more effectively losses can be controlled, the lower corresponding medical stop loss premiums will be. The QBE Rewards policy endorsement enables self-funded employers to reduce the cost of stop loss even further by returning a portion of surplus specific premium as a reward for achieving exemplary loss experience.

Steve Gransbury, President of Accident & Health at QBE, explains, "accounts electing the QBE Rewards option will receive a 25% return of the specific stop loss premiums net profit, if a net loss ratio of 65% or less is achieved.  Rewards can be returned directly to the employer or applied as an offset to future QBE medical stop loss premiums." QBE's North American-based Accident & Health Division provides exemplary coverage and services to support the specialized needs of self-insured employers as a leading direct-writing provider of medical stop loss, including single parent and group captive programs requiring stop-loss insurance.

For additional information, contact: Phillip C. Giles, Vice President – Sales & Marketing: phillip.giles@us.qbe.com or 910.420.8104

About QBE

QBE North America is part of QBE Insurance Group Limited, one of the largest insurers and reinsurers worldwide. QBE NA reported Gross Written Premiums in 2014 of $5.3 billion. QBE Insurance Group's 2014 results can be found at www.qbena.com. Headquartered in Sydney, Australia, QBE operates out of 38 countries around the globe, with a presence in every key insurance market. The North America division, headquartered in New York, conducts business through its property and casualty insurance subsidiaries. QBE insurance companies are rated "A" (Excellent) by A.M. Best and "A+" by Standard & Poor's.