Benefits Risk Management. Benefits renewals are painful.  Almost every year you start with a double-digit renewal increase, your broker then tries to negotiate with the health insurance carriers, leverage them against one another, and eventually comes back with a “less bad” renewal. But a "less bad" renewal is still an increase. And you can't just eat these increases every year.  So then you're left with a decision. How do you shift costs? Is it by increasing employees' per paycheck contributions? Raising deductibles? Introducing defined contribution plans? Or stripping down networks?   Either way, the employees end up paying more and getting less from their benefits plan.    Employers HATE this process, but it's the norm….    But the last 5 years have spurred an enormous amount of innovation, which has lead to the creation of a new role - the Benefits Risk Manager.  For the first time, employers can lean on their BRM to break that awful renewal cycle. They design unique funding solutions and deploy strategies that manage the benefits line item all year round - not just by cost shifting at renewal.