Lincoln Re Risk Management Offers QuoteLab Online Stop Loss Quotes.Business Editors, Insurance Writers MIAMI--(BUSINESS WIRE)--Oct. 8, 2001 Lincoln Re Risk Management Services, Inc., (Lincoln Re Risk Management) has obtained the ability to provide quotes through the QuoteLab(TM) online marketplace for buyers of group health employer stop loss insurance and group life insurance. QuoteLab collects, formats, transmits, stores and analyzes data, making it faster and easier for buyers to obtain and compare quotes for stop loss insurance coverage. The Internet-based subscription service (www.quotelab.com) provides each buyer with a secure personalized account. It shortens the sales cycle by eliminating redundant data entry, providing faster quote response time and speeding negotiation. QuoteLab software preserves data integrity of sponsor profile information, plan design information, census information, aggregate paid claims and high claims data. "The client receives clearly organized quotes, conditions and qualifications for easy comparison," said Pat Campola, president, Lincoln Re Risk Management. "QuoteLab access is an important aspect of our effort to provide customers with service that truly excels. The convenience of using the web-based QuoteLab service will help our customers meet their goals while providing a keen and fair comparison of the available options in the employer stop loss market." QuoteLab Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Henry T. Van Dellen said QuoteLab is "pleased to be able to provide employer stop loss buyers with side-by-side comparison quotes, including quotes through Lincoln Re Risk Management. This relationship with Lincoln Re Risk Management adds greatly to QuoteLab's revolutionary approach to group insurance procurement." A privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , QuoteLab, Inc., is based in Minneapolis, Minn. Lincoln Re Risk Management is a distributor and underwriter of employer stop loss insurance for Lincoln Re. Stop loss insurance helps to protect employers who choose to self-insure their employee health benefits programs. The insurance reimburses employers for losses from large claims submitted by any one individual as well as high claims from the overall employee group during a given policy year. Lincoln Re Risk Management also offers group term life and accidental death and dismemberment insurance Accidental death and dismemberment insurance (also known as AD&D) covers death or dismemberment as a result of an accident. In contrast to life insurance, AD&D generally would not pay survivor benefits in the case of death by illness. written by affiliated Lincoln Financial Group insurance companies. Based in Miami, Lincoln Re Risk Management has offices in Indianapolis, Minneapolis, Dallas, Pittsburgh, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Boston and Chicago, as well as Covington, Ky., Hendersonville, Tenn., Grandview, Mo., and New Smyrna Beach New Smyrna Beach (smûr`nə), city (1990 pop. 16,543), Volusia co., NE Fla., on Indian River (a lagoon; part of the Intracoastal Waterway) and on Ponce de Leon Inlet of the Atlantic Ocean; inc. 1903. , Fla. Lincoln Re Risk Management taps the knowledge and technology of Lincoln Financial Group affiliate companies: Lincoln National Health & Casualty Insurance Company, Lincoln National Reassurance Company, Lincoln National Management Services, Inc., and The Lincoln National Life Insurance Company. Lincoln Re Risk management Services, Inc., does business as Underwriters & Management Insurance Services, Inc., in California and as UMS (Unified Messaging System) See unified messaging. in Nevada. Lincoln Re (www.lincolnre.com), Fort Wayne, Ind., is the marketing name for the reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. companies of Lincoln Financial Group (www.lfg.com). Lincoln Re is one of the world's leading life/health and financial reinsurance organizations. Lincoln Financial Group, with headquarters in Philadelphia, is the marketing name for Lincoln National Corporation Lincoln National Corporation (NYSE: LNC) is a holding company, which operates multiple insurance and investment management businesses through subsidiary companies. LNC was organized under the laws of the state of Indiana in 1968, and maintains its principal executive offices and its affiliates. Lincoln National Corporation is a prominent financial services holding company with consolidated assets of more than $96 billion and annual consolidated revenues of $6.9 billion. Through its wealth accumulation and protection businesses, the company provides annuities, life insurance, 401(k) plans, life and health reinsurance, mutual funds, institutional investment management and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . |
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