Sun Life launches FullscopeRMS affiliate to offer custom insurance solutions for industry partners
Built on cornerstone Disability RMS business
WELLESLEY, Mass., Feb. 12, 2019 /PRNewswire/ -- Sun Life Financial has launched affiliate FullscopeRMS to partner with health plans and other insurance providers to bring new products to market that enhance an insurer's offerings and provide new solutions to their clients. FullscopeRMS, which will operate as a standalone organization, is built on the successful cornerstone Disability RMS business, a leading provider of disability risk management services to insurance partners for more than 25 years.
FullscopeRMS has an expanded portfolio, including a turnkey stop-loss solution for health plans, which benefits from deep industry experience and delivers risk management expertise, performance and brand protection to its clients, following the Disability RMS model. The FullscopeRMS portfolio also offers turnkey solutions for life, absence management and voluntary products, and a suite of capabilities including risk management, product development, actuarial, underwriting, claim administration and distribution training.
"True to its name, FullscopeRMS provides a full range of products and support services that are customizable to suit the unique needs of each of our carrier partners," said Scott Beliveau, president of FullscopeRMS. "We see a growing desire from health plans and other insurance carriers to expand their offerings, and this is an efficient way for them to enter the market. Our partnerships are straightforward – two companies share in the risk and the benefits. We build flexible, innovative solutions in consultation with an industry client to leverage our respective expertise in a fully aligned partnership where both companies have the same business objectives and growth incentives."
Dan Fishbein, M.D., president of Sun Life Financial U.S., added, "FullscopeRMS builds on our longstanding commitment to working with industry partners in order to grow together by delivering best-in-class products and services to our mutual clients."
FullscopeRMS will continue to expand its portfolio throughout 2019 and beyond.
About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of insurance, wealth and asset management solutions to individuals and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2018, Sun Life Financial had total assets under management of C$984 billion. For more information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
In the United States, Sun Life Financial is one of the largest group benefits providers, serving more than 60,000 employers in small, medium and large workplaces across the country. Sun Life's broad portfolio of insurance products and services in the U.S. includes disability, absence management, life, dental, vision, voluntary and medical stop-loss. Sun Life employs approximately 6,000 people in its U.S insurance and asset management businesses. Group Insurance policies are issued by Sun Life Assurance Company of Canada (Wellesley Hills, Mass.) and Sun Life and Health Insurance Company (U.S.) (Lansing, Mich). For more information, please visit www.sunlife.com/us.
Media contact:
Devon Fernald
Sun Life Financial
781-416-7151
[email protected]
SOURCE Sun Life Financial
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