Risk Strategies Adds to Services Capabilities with Acquisition of United Health Actuarial Services, Inc.
Indiana-based firm will complement Risk Strategies’ national employee benefits practice
BOSTON — Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, announced the acquisition of United Health Actuarial Services, Inc. (UHAS), a health actuarial, management, and underwriting consulting firm based just north of Indianapolis in Carmel, Indiana. Terms of the deal were not disclosed.
Founded in 2000 by CEO Karl Volkmar, UHAS provides health actuarial, management, and underwriting consulting services supporting the full spectrum of individual, group medical, and supplemental health coverages and products for a wide variety of private- and public-sector clients.
UHAS’ comprehensive services help clients make informed decisions when dealing with health-related products and coverages, including fully-insured and self-funded medical and stop-loss, short- and long-term disability, long-term care, supplemental and voluntary benefits, and Medicare Supplement and Medicare Advantage, among many others.
“With the right skill set, today’s data-rich world can drive smarter decisions about risk, liability, and benefit plan design,” explained John Greenbaum, Risk Strategies’ employee benefits national practice leader. “As part of Risk Strategies, UHAS will provide our clients and practice teams access to world-class, data-driven insights to solve tough problems.”
Although headquartered in Indiana, the company’s professionals and clients are located throughout the country. UHAS services a broad range of clients that include captives, private- and public-sector employer and multi-employer groups, health insurers and health plans, managed care organizations, networks and providers, federal and state regulators, reinsurers, managing general underwriters, and third-party administrators.
“We’ve built a thriving business by truly partnering with our clients and providing superior resources and services that create significant value and competitive advantages for our clients,” said UHAS’ chief executive officer, Karl Volkmar. “Joining with Risk Strategies is a great way to retain our strengths while greatly expanding our resources and potential opportunities.”