The Standard Partners with Corestream to Improve Volunteer Benefits | shop

PORTLAND, Ore.–(BUSINESS WIRE)–Aug. January 2022–

Default Insurance Company ( The standard ), a leading provider of financial protection products and services for employers and individuals, is pleased to announce a new strategic partnership with core stream. Partnering with Corestream, a leading voluntary benefits provider, helps enable streamlined benefits management on an easy-to-use and centralized platform.

“The Standard actively seeks to improve the overall customer experience for our customers through partnerships that enable better integration of benefits management and streamlined processes,” said Dayna Kirk, vice president of customer service and volunteer benefits at The Standard. “By working with Corestream, we are able to deliver a positive enrollment experience through an easy-to-use platform, backed by insurance products that matter most to employees.”

According to the results of a recent survey conducted by Corestream, three out of four workers see voluntary benefits as a key factor in getting into or staying with a company. The Standard and Corestream partnership scales the distribution and acceptance of contributory benefits to become an integral part of protecting and improving employee livelihoods. The platform can also positively impact recruitment and retention efforts, supporting life insurance, long-term and short-term disability, accident insurance, hospital compensation, and critical illness benefits.

“With employers’ and employees’ growing interest in additional benefits, the partnership will provide employers and brokers with ease of use, simplify the management of current benefits programs when implementing newer ones, and create a seamless experience for employees across all of their voluntary benefits choices,” said Sharon Broadway, senior vice president of partnerships at Corestream. “By removing barriers, streamlining administration, and optimizing the user experience, we can become a powerful tool in the arsenal of HR teams, brokers, vendors, and employers, while providing employees with choices to support their unique needs.”

Partnership benefits include:

  • Reduced administrative burden — Corestream reduces the administrative burden for employers and brokers by managing all complex processes.
  • Easier enrollment — Simplified processes and robust employee communications save time and ensure a better employee experience.
  • Higher Employee Engagement — The platform’s ease of use can provide a positive user experience, making employees feel valued and engaged.
  • Transparency and convenience — Brokers, employers and employees can leverage Corestream’s centralized platform and have access to concierge customer support.
  • savings measures – Corestream’s centralized processes contribute to cost savings by lowering administration costs and reducing enrollment complexity.

About the standard

The Standard is a group of companies dedicated to helping clients achieve financial wellbeing and peace of mind. In business since 1906, we’re a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life, dental and vision insurance, voluntary (employee-paid) benefits, absence management services, and retirement plans and annuities for employers and individuals. For more information on The Standard, see standard.com or continue to follow us Facebook, Twitter or LinkedIn.

The Standard is the marketing name of StanCorp Financial Group, Inc. and its subsidiaries: Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, Inc., StanCorp Investment Advisers, Inc., StanCorp Real Estate, LLC and StanCorp Equities, Inc.

About Corestream

Corestream is a leading provider of technology for voluntary services. The company’s platform scales the promotion and acceptance of benefits to protect and improve employee livelihoods. The platform removes barriers, streamlines administration and improves user experience. For more information visit Corestream.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220125005199/en/

CONTACT: The Standard:

Lisa Martin Bomnskie

503.972.8832

[email protected] Corestream:

Missy Jones

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA OREGON

INDUSTRY KEY WORD: PROFESSIONAL SERVICES INSURANCE PERSONNEL FINANCE

SOURCE: The Standard

Copyright Business Wire 2022.

PUB: 01/25/2022 09:00 / DISC: 01/25/2022 09:03

http://www.businesswire.com/news/home/20220125005199/en

Copyright Business Wire 2022.

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