MetLife and Travelers Renew Agreement to Provide Integrated Absence Management Solution.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & SAINT PAUL Saint Paul, city (1990 pop. 272,235), state capital and seat of Ramsey co., E Minn., on bluffs along the Mississippi River, contiguous with Minneapolis, forming the Twin Cities metropolitan area; inc. 1854. , Minn. -- Effective absence management programs have multiple workplace benefits including workers compensation, short-term and long-term disability, and Family and Medical Leave Act (FMLA FMLA Family and Medical Leave Act of 1993 FMLA Feminist Majority Leadership Alliance ) administration managed through an integrated service. Therefore, MetLife and Travelers are pleased to announce the renewal of their agreement to offer Synchrony synchrony /syn·chro·ny/ (-krah-ne) the occurrence of two events simultaneously or with a fixed time interval between them. atrioventricular (AV) synchrony [R] absence management services. Synchrony combines group disability insurance and FMLA administration from MetLife with workers compensation insurance and claim administration services from Travelers to deliver one, integrated approach that can help companies better manage employee absences whether due to occupational or non-occupational events and assist employees in returning to work as soon as medically appropriate. First offered by the two companies in 1998, Synchrony programs currently cover more than 180,000 employees. "MetLife is pleased to reaffirm our relationship with Travelers. The Synchrony offering provides affected employees with individually customized action plans and case management which, in turn, can help employers' achieve their employee satisfaction and retention objectives," says Michael Fradkin, vice president, MetLife Disability. "The integrated claim and absence management services can also help employers decrease their direct and indirect costs Indirect costs are costs that are not directly accountable to a particular function or product; these are fixed costs. Indirect costs include taxes, administration, personnel and security costs. See also
According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Bill Malugen, president of Travelers National Accounts business, "Synchrony is an example of our continued investment in claim administration services designed to help customers achieve the best possible outcomes by integrating service delivery and focusing on shared objectives." Key features of the Synchrony model include: * Two customer leaders for each Synchrony customer Co a disability point person and a workers compensation point person - to help implement and manage programs; * Experienced claim and medical specialists collaborate on case management and return-to-work plans; * A single, Travelers nurse lead for all concurrent occupational and non-occupational claims; * "Real-time" data availability Refers to the degree to which data can be instantly accessed. The term is mostly associated with service levels that are set up either by the internal IT organization or that may be guaranteed by a third party datacenter or storage provider. , Web- based tools for file review and electronic access to reports; * Claim reporting over the phone or internet 24 hours a day/7 days a week; * Integrated workers compensation and disability claim outcome reporting delivered to customers. For more information about Synchrony services visit www.insynchrony.com. MetLife is the number one group disability insurer based on new sales premiums and equivalents, as of year-end 2005. MetLife's group disability income insurance programs provide comprehensive coverage and flexible solutions that are valuable to both employees and employers. MetLife is a subsidiary of MetLife, Inc. (NYSE NYSE See: New York Stock Exchange :MET), a leading provider of insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. with operations throughout the U.S. and the Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Europe and Asia Pacific regions. Through its domestic and international subsidiaries and affiliates, MetLife, Inc. reaches more than 70 million customers around the world and MetLife is the largest life insurer in the U.S. (based on life insurance in-force). The MetLife companies offer life insurance, annuities, auto and home insurance, retail banking and other financial services to individuals, as well as group insurance, 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. and retirement and savings products and services to corporations and other institutions. For more information, please visit www.metlife.com. Travelers is a business of The St. Paul St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery Travelers Companies, Inc. (NYSE:STA), a leading property casualty insurer selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of coverage in both the personal and commercial settings, including automobile, homeowners, construction, small business, oil and gas, ocean marine, financial and professional services, global technology and public sector services. St. Paul Travelers is ranked 85 in the Fortune 500, with 2005 revenues of $24.4 billion and total assets of $113.2 billion. The company has approximately 32,000 employees. Synchrony[R] is integrated absence management, which includes group disability insurance or services from MetLife, workers compensation or services from The Travelers Indemnity Company and/or its property casualty affiliates, and may include family and medical leave administration from MetLife. Synchrony is a registered trademark of Travelers Insurance Group Holdings Inc., and MetLife. Metropolitan Life Insurance Company, 200 Park Avenue, New York, NY 10166. Travelers Insurance Group Holdings Inc., One Tower Square, Hartford, CT, 06183. |
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