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due to the downward swing in the market. Organizations that provide consultation in employee
benefits are faced with the daunting task of redefining their value proposition in the new world of
healthcare reform. Some experts believe that short
of a repeal of PPACA, the next phase of legislation 2012 Colorado Business Economic Outlook will surely target the workers’ compensation insurance industry.
Competition in the insurance agency sector continues to be fierce. Brokers and agents grapple with
one another to regain lost commission revenue
and replace clients who have gone out of business.
Competition will continue to escalate as federal
and local insurance legislation makes Colorado a
target-rich environment for professional employer
organizations (PEOs). Many PEOs offer employee
benefits, workers’ compensation, and retirement
programs that compete directly with the products
and services delivered by agents and brokers. In
addition, as employers look to reduce staff, some
of the services delivered by PEOs allow companies
to downsize or eliminate sta...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery