Simplifying Electronic Data Exchange
LIMRA has been working with a large number of workplace benefits insurance companies and benefits administration technology companies to develop an industry wide solution.
The enrollment and administration of non-medical workplace benefits continues to evolve, however, the way data is exchanged has remained stagnant, resulting in laborious and time-consuming initial engagement among parties, widely varying data formats, and erroneous data being exchanged.
LIMRA's WBEDX Standards will change that! Having a common standard will reduce customer onboarding timelines, and reduce ongoing costs to insurance carriers, benefits administration platforms, brokers, and employers.