For many years, North Carolina Mutual Life (NCML) realized the importance of having business partnerships with other professional insurance organizations to assist us in expanding our market knowledge, obtaining critical financial support (reinsurance), and building a group benefits supporting infrastructure.
BUSINESS RELATIONSHIPS
NCML nurtures relationships with strong insurers, reinsurers, administrators, and distributors to support our efforts to grow in the group marketplace. We build strong relationships with select Managing General Underwriters, Managing General Agencies, reinsurance intermediaries, and brokers/producers.
With their influence on our reinsurance arrangements, product development, co-branding strategies, administrative activities, and distribution, these business partners have enabled us to grow our presence in the market. A few of our key strategic partners are:
- London Life
- TransAtlantic
- Swiss Re
- Minnesota Life
- Platinum Re
- The Hartford
- UnitedHealthcare
- Essex Dental Benefits
- Total Plan Services
A LIFE INSURANCE ALLIANCE
Our unique relationship with Minnesota Life is an example of a partnership that better serves our group customers. Through this alliance, we jointly market to national employers with two thousand or more employees, presenting group life coverage on both NCML and Minnesota Life policies.
The customized offering yields like benefits, like costs, and consolidated administration. By using the demographics of the group, we can determinate of which segment receives either NCML or Minnesota Life policies. This innovative approach:
- Allows NCML to present a national group life program to potential clients,
- Gives NCML a strong risk sharing partner,
- Gives Minnesota Life an additional source of distribution, and
- Assists employer groups in meeting their minority spending goals.
WHY WORK WITH US?
As a strong company with a rich history and a tremendous insurance story to tell, we know the value of developing and nurturing partnerships. We continue to seek partners who understand and share our values to help us continue improving our products and service levels and to expand our customer base.