London Market Monitor – 31 August 2022
Our August review of the markets and Solvency II discount rates.
As we continue to navigate the challenges of the COVID-19 pandemic, one thing is clear: for many companies, the virtual or hybrid work model is here to stay for at least another winter, if not permanently. The good news is we’ve learned a lot about communicating to employee groups in the last year and a half. With end-of-year benefit enrollment periods rapidly approaching, here are a few takeaways that can help you reach your employees with critical information about benefit changes and timelines:
The evolution of the COVID-19 pandemic continues to present obstacles in managing the once-routine annual enrollment process. However, the lessons we’ve learned over the past year and a half can guide your enrollment season planning. Understanding your audiences, providing ample Q&A opportunities in a variety of formats, leveraging your resources, and emphasizing virtual and wellness opportunities—all while being mindful of the fatigue that can accompany virtual participation—can help you effectively reach employees with critical benefits information.