Dallas, Texas 04/14/2014 (FINANCIALSTRENDS) – Towers Watson & Co (NYSE:TW) which is a global professional services firm disclosed recently that it had entered into an agreement with The Segal Group, Inc. thanks to which the New York based firm promoted private medical exchange; “OneExchange” would have access to The Segal Group enterprise clientele. The “OneExchange” platform is being positioned by Towers Watson & Co (NYSE:TW) as a robust and cheap alternative for companies which are working towards providing its retirees with a private exchange solution which is ready to customize its coverage offerings to suit the varied retirement needs of its clients.
Explaining the importance of this non exclusive tie up with The Segal Group, Inc, Towers Watson & Co (NYSE:TW) Exchange Solutions business practice managing director Bryce Williams has been quoted to have said that, “Segal is the leading benefit consultant to public sector and multiemployer health plans, with rich traditions and a trusted brand. Retiree exchanges have become commonplace for employers in the private sector, and a growing percentage of our retiree exchange clients are public sector employers or sponsors of multiemployer health plans. Through this agreement with Segal, we expect more participation in our private Medicare exchange from both public and private sector plan sponsors.”
Towers Watson & Co (NYSE:TW) “OneExchange” private insurance exchange offers its retiree patrons to choose from a wide offering of health insurance plans which are offered by more than 90 insurance firms. The judicious use of technology by the firm helps the insurance seekers to take informed decisions based on their insurance usage patterns and seek personalized plans. As of the last reporting quarter the exchange boasted of nearly 400 enterprises seeking its platform to support their employees. It has a 14000 strong employee base to support its customers. In spite of these moves, the stock has been under a bear embrace over the past few weeks of trading.