Assurant Employee Benefits, a subsidiary of
), a global provider of specialized insurance, is leading the
Dental Preferred Provider Organization (PPO) Market in the U.S.
by strengthening its dental network.
As per the Sep 2013 Netminder report, for the second year in a
row, the company has emerged as the largest dental PPO network in
the nation. The company has expanded its network taking its
dentist count to more than 100,000.
Recognizing the demand for increased dental care across the
nation, Assurant has created a network of a large number of
dentists who are popular among employees and are contracted with
the Dental Health Alliance, L.L.C. and other accessible dental
networks. As a result, patients within the Assurant Employee
Benefits' dental network are able to choose from a wide range of
in-network dentists. This provides patients with some control
over their dental care bills by reducing out-of-pocket expenses.
As a result, the network is successful in ensuring customer
satisfaction and is able to retain customers.
Assurant Employee Benefits boasts of a wide range of employer and
employee-paid products comprising dental, disability, vision,
life, accident, cancer, critical illness etc. With the current
status of its dental network, Assurant Employee Benefits has
succeeded in strengthening its service portfolio. However, so far
in 2013, group dental premiums earned suffered a 3.4% decline
over the prior year numbers. We believe the leadership position
of its dental network will enhance the membership base of the
company thereby recovering premiums and bolstering top line
growth going forward.
Assurant currently carries a Zacks Rank #2 (Buy). Other players
in the insurance industry, which look attractive at current
American Equity Investment Life Holding Co.
The Allstate Corporation
). All these stocks carry the same Zacks Rank as Assurant.
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