Best Agent of Record (AOR) Services

An Agent of Record (AOR) is a person or entity designated to act on behalf of an employer in procuring, negotiating, and managing insurance policies. In employment, the role of an AOR is to help employers manage their insurance needs and ensure they have the best coverage options at the best price. The process of selecting an AOR can be challenging, as there are many options available in the market. In this article, we will discuss the best Agent of Record (AOR) services available in employment.

What is an Agent of Record (AOR)?

An Agent of Record (AOR) is a person or entity that is authorized to act on behalf of another party in negotiations with insurance companies. In the context of employment, an AOR serves as a representative of an employer, managing their employee benefits and insurance policies. The AOR has the authority to make changes to these policies and negotiate with insurance companies on behalf of the employer.

Features to Look for in an AOR Service

When choosing an AOR service for your business, there are several features to look for:

Expertise: The AOR service should have a deep understanding of the insurance industry, including the various products and policies available to employers.

Customization: The AOR service should be able to tailor their services to meet the specific needs of your business.

Technology: The AOR service should have modern, user-friendly technology that allows employers to easily manage their employee benefits and insurance policies.

Customer Service: The AOR service should provide excellent customer service, with responsive and knowledgeable representatives available to answer questions and provide support.

Pricing: The AOR service should offer competitive pricing that is transparent and easy to understand.

Top AOR Services in Employment

1. Mercer

Mercer is a global consulting firm that offers a wide range of services, including AOR services for employee benefits and insurance policies. Mercer has a team of experts who are well-versed in the insurance industry and can provide customized solutions for employers of all sizes.

One of the key features of Mercer’s AOR service is their technology platform, Mercer Complete Care. This platform allows employers to manage their employee benefits and insurance policies in one place, with easy-to-use tools for enrollment, claims management, and reporting.

Mercer also offers excellent customer service, with a team of representatives available to answer questions and provide support. Pricing for Mercer’s AOR services varies based on the size of the employer and the specific services needed.

2. Aon

Aon is a global professional services firm that offers AOR services for employee benefits and insurance policies. Aon has a team of experts who specialize in various areas of the insurance industry, including health and welfare benefits, retirement, and risk management.

One of the key features of Aon’s AOR service is their proprietary technology platform, Aon Active Health Exchange. This platform allows employers to offer a range of benefits options to their employees, including health, dental, and vision insurance, as well as wellness programs and financial planning tools.

Aon also offers excellent customer service, with a team of representatives available to answer questions and provide support. Pricing for Aon’s AOR services varies based on the size of the employer and the specific services needed.

3. Gallagher

Gallagher is a global insurance brokerage and risk management services firm that offers AOR services for employee benefits and insurance policies. Gallagher has a team of experts who specialize in various areas of the insurance industry, including employee benefits, property and casualty, and human resources.

One of the key features of Gallagher’s AOR service is their technology platform, Gallagher Marketplace. This platform allows employers to offer a range of benefits options to their employees, including health, dental, and vision insurance, as well as voluntary benefits and wellness programs.

4. ADP

ADP is a global provider of cloud-based human capital management solutions that include payroll, HR, and benefits administration. They offer AOR services that can help employers streamline their insurance needs and ensure compliance with regulations. Their AOR services are designed to help employers manage the entire insurance process, from selecting the right policies to renewing them. ADP’s AOR services can also help employers stay up to date on changing regulations and laws that affect their insurance coverage.

One of the key benefits of ADP’s AOR services is their expertise in managing compliance. They have a team of compliance experts who can help employers ensure that they are following all applicable laws and regulations related to insurance. ADP’s AOR services can also help employers save time and money by negotiating better rates and terms with insurance providers.

5. Willis Towers Watson

Willis Towers Watson is a global consulting firm that specializes in human resources, risk management, and insurance. They offer AOR services that can help employers manage their insurance needs and ensure compliance with regulations. Willis Towers Watson’s AOR services are designed to help employers select the right policies and manage the entire insurance process, from enrollment to claims management.

One of the key benefits of Willis Towers Watson’s AOR services is their expertise in risk management.