NEW YORK, Sept. 30, 2013 /PRNewswire/ -- NFP, a leading
provider of benefits, insurance and wealth management services,
announced today the launch of NFP Marketplace, a private exchange
powered by bswift's technology platform. bswift is a leader in
technology and service solutions for employee benefits
administration and has partnered with NFP since the launch of NFP's
benefits administration division in 2008.
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NFP Marketplace is designed to manage costs for employers and
offer competitive benefit options for employees. bswift's proven
technology, developed during the past 13 years, includes:
- A defined contribution platform for employers and
employees
- Shopping tools, decision support and enrollment for
employees
- Employer tools including reporting, dashboards and alerts
- Broker / consultant tools, including proprietary analytics
- Electronic Data Interchange (EDI) files and transmissions to
carriers and payroll
- Financial management including consolidated billing
Ed O'Malley, president of NFP's
Corporate Client Group, stated, "It is extremely important that we
position ourselves to support the needs of clients across a large
spectrum of benefit options. With bswift's proven track record of
empowering both traditional employer-directed plans and private
exchanges, NFP offers a full range of services and functionality,
from decision support and shopping tools for employees, to reliable
billing reports and services for employers and carriers. There is
still quite a bit of confusion in the market and we look forward to
providing our clients and their customers a private exchange that
addresses the administrative complexities that are too often
overlooked by less experienced providers in this space."
bswift CEO Rich Gallun remarked, "NFP is one of our most valued
partners. Working together during the past several years, I have
witnessed first-hand the quality of their work. Their knowledge of
the industry, coupled with their grasp of the bswift platform, has
allowed them to quickly become a significant player in the benefits
administration space. The launch of the NFP Marketplace is a
natural next step for NFP and we are excited that bswift is their
platform of choice. NFP Marketplace will help employers manage
benefit costs and increase employee satisfaction in the
increasingly competitive landscape for attracting and retaining
talent. With their expertise and our proven technology, we expect a
strong future for exchanges of this type and leaders like NFP that
are getting a head start in the changing world of health care and
benefits."
About bswift
Based in Chicago, bswift offers
software and services that streamline benefits, HR and payroll
administration for employers and public and private exchanges
nationwide. bswift's state-of-the-art cloud-based technology and
outsourcing solutions significantly reduce administrative costs and
time-consuming paperwork, making life easier for administrators and
millions of consumers who enroll in benefits with bswift. For more
information, visit www.bswift.com and check out the bswift blog at
www.bswift.com/blog.
About NFP
National Financial Partners Corp. (NFP) and
its benefits, insurance and wealth management businesses provide
diversified advisory and brokerage services to companies and high
net worth individuals, partnering with them to preserve their
assets and prosper over the long term. NFP advisors provide
innovative and comprehensive solutions, backed by NFP's national
scale and resources. NFP operates in three business segments. The
Corporate Client Group provides corporate and executive benefits,
retirement plans and property and casualty insurance. The
Individual Client Group includes retail and wholesale life
insurance brokerage and wealth management advisory services. The
Advisor Services Group serves independent financial advisors by
offering broker/dealer and asset management products and services.
Most recently NFP was ranked in the top 10 on Business Insurance's
100 Largest Brokers of U.S. Business and Best's Review Top Global
Insurance Broker lists; second on Business Insurance's Largest
Agents and Brokers Headquartered in the U.S. Northeast; it operates
the third largest executive benefits provider of nonqualified
deferred compensation plans by total clients as ranked by
PlanSponsor and operates a top 10 independent broker/dealer as
ranked by Investment Advisor. NFP is also a leading independent
life insurance distributor according to many top-tier carriers. For
more information, visit www.nfp.com.
SOURCE NFP