STOCK TITAN

Würk joins forces with The Baldwin Group (formerly AHT Insurance) To Unveil Employee Benefit Captive Program

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Würk, the leading human capital management (HCM) company in the cannabis industry, has announced a groundbreaking insurance collaboration with The Baldwin Group (formerly AHT Insurance). This partnership aims to revolutionize how legal cannabis companies approach health benefits evaluation. The collaboration introduces Employee Benefit Captives, Predictive Risk Scoring, and other innovative solutions to the cannabis industry.

By combining Würk's expertise in HCM with The Baldwin Group's insurance and risk management knowledge, the partnership seeks to provide cannabis companies with more control over their health insurance benefits. This initiative expands Würk's suite of HR solutions and marks a significant development in addressing the unique needs of the cannabis industry workforce.

Würk, l'azienda leader nella gestione del capitale umano (HCM) nel settore della cannabis, ha annunciato una collaborazione innovativa nel campo delle assicurazioni con The Baldwin Group (precedentemente AHT Insurance). Questa partnership mira a rivoluzionare il modo in cui le aziende di cannabis legali si avvicinano alla valutazione dei benefici sanitari. La collaborazione introduce Employee Benefit Captives, Valutazione Predittiva del Rischio e altre soluzioni innovative per il settore della cannabis.

Combinando l'esperienza di Würk nell'HCM con la conoscenza di gestione dei rischi e assicurativa di The Baldwin Group, la partnership si propone di offrire alle aziende di cannabis maggiore controllo sui propri benefici di assicurazione sanitaria. Questa iniziativa amplia la gamma di soluzioni HR di Würk e rappresenta un importante sviluppo nel soddisfare le esigenze uniche della forza lavoro nel settore della cannabis.

Würk, la empresa líder en gestión de capital humano (HCM) en la industria del cannabis, ha anunciado una colaboración innovadora en seguros con The Baldwin Group (anteriormente AHT Insurance). Esta asociación tiene como objetivo revolucionar la forma en que las empresas de cannabis legales abordan la evaluación de los beneficios de salud. La colaboración presenta Employee Benefit Captives, Evaluación Predictiva del Riesgo y otras soluciones innovadoras para la industria del cannabis.

Al combinar la experiencia de Würk en HCM con el conocimiento de gestión de riesgos y seguros de The Baldwin Group, la asociación busca proporcionar a las empresas de cannabis un mayor control sobre sus beneficios de seguros de salud. Esta iniciativa amplía la gama de soluciones de RRHH de Würk y marca un desarrollo significativo en la atención a las necesidades únicas de la fuerza laboral de la industria del cannabis.

Würk은 산업 대마초 분야의 선도적인 인적 자원 관리(HCM) 회사로서 The Baldwin Group (이전의 AHT Insurance)과 획기적인 보험 협업을 발표했습니다. 이번 파트너십은 합법적인 대마초 회사들이 건강 혜택 평가에 접근하는 방식을 혁신하는 것을 목표로 합니다. 이 협력은 대마초 산업에 Employee Benefit Captives, 예측 리스크 평가 및 기타 혁신적인 솔루션을 도입합니다.

Würk의 HCM 전문성과 The Baldwin Group의 보험 및 리스크 관리 지식을 결합함으로써, 이 파트너십은 대마초 회사들에 건강 보험 혜택에 대한 더 큰 통제를 제공하고자 합니다. 이 이니셔티브는 Würk의 HR 솔루션 범위를 확대하고 대마초 산업 인력의 독특한 요구를 다루는 데 있어 중요한 발전을 의미합니다.

Würk, la société leader en gestion du capital humain (HCM) dans l'industrie du cannabis, a annoncé une collaboration révolutionnaire en matière d'assurance avec The Baldwin Group (anciennement AHT Insurance). Ce partenariat vise à transformer la manière dont les entreprises de cannabis légales abordent l'évaluation des avantages sanitaires. La collaboration introduit Employee Benefit Captives, l'évaluation prédictive des risques et d'autres solutions innovantes pour l'industrie du cannabis.

En combinant l'expertise de Würk en HCM avec les connaissances en assurance et gestion des risques de The Baldwin Group, le partenariat cherche à fournir aux entreprises de cannabis un meilleur contrôle sur leurs avantages d'assurance en matière de santé. Cette initiative enrichit la gamme de solutions RH de Würk et marque un développement significatif dans la prise en compte des besoins uniques de la main-d'œuvre de l'industrie du cannabis.

Würk, das führende Unternehmen im Bereich Human Capital Management (HCM) in der Cannabis-Industrie, hat eine bahnbrechende Versicherungskooperation mit The Baldwin Group (ehemals AHT Insurance) angekündigt. Diese Partnerschaft zielt darauf ab, die Art und Weise zu revolutionieren, wie legale Cannabisunternehmen die Bewertung von Gesundheitsleistungen angehen. Die Zusammenarbeit führt Employee Benefit Captives, prädiktive Risikobewertung und andere innovative Lösungen in die Cannabisindustrie ein.

Durch die Kombination von Würks Expertise im HCM mit dem Wissen von The Baldwin Group in den Bereichen Versicherung und Risikomanagement zielt die Partnerschaft darauf ab, Cannabisunternehmen mehr Kontrolle über ihre Gesundheitsversicherungsleistungen zu geben. Diese Initiative erweitert Würks Angebot an HR-Lösungen und stellt einen bedeutenden Schritt zur Berücksichtigung der einzigartigen Bedürfnisse der Arbeitskräfte in der Cannabisindustrie dar.

Positive
  • Expansion of Würk's HR solutions suite
  • Introduction of innovative insurance solutions for cannabis companies
  • Potential for improved control over health insurance benefits for cannabis businesses
Negative
  • None.

Expanding the Company's suite of HR solutions, Würk and The Baldwin Group (formerly AHT Insurance) leverage decades of experience to help companies take control of their health insurance benefits

DENVER, Sept. 17, 2024 /PRNewswire/ -- Würk, the leading human capital management (HCM) company in the cannabis industry, today announced a first-of-its-kind insurance collaboration with The Baldwin Group (formerly AHT Insurance) that will reshape legal cannabis companies' approach to evaluating health benefits. Leveraging their expertise in human capital management, insurance, and risk management, Würk and The Baldwin Group will introduce clients to Employee Benefit Captives, Predictive Risk Scoring and forward-looking claim projections that will help them gain an acute understanding of their particular health insurance premiums and identify potential cost-saving alternatives.

Würk enables clients to manage the cannabis industry's rapid growth effectively by providing leading HCM tools and solutions to normalize the cannabis economy. The Baldwin Group deploys Artificial Intelligence driven underwriting to provide clients with 12-month Forward Looking Claim Projections and Predictive Risk Scores, which highlights the cost drivers of particular health insurance premiums. Both tools help provide a pro-forma financial analysis that will help determine if a client is best suited for an Employee Benefit Captive, a specialized benefit arrangement where multiple employers pool their resources to form a captive insurance plan.

The Employee Benefit Captive, an innovative alternative to the traditional insurance plan, empowers employers to take control of their insurance costs while maintaining top-tier benefits for their valued team members. Premiums, set by an underwriting team at the captive manager and paid to the captive by each employer, create a stable risk pool. Each captive is underwritten to a client's specific risk profile, offering more flexibility and long-term stability than traditional plans.

"It is often said that knowledge is power and, with that in mind, we are proud to collaborate with Würk to equip cannabis companies with the information needed to make the best decision possible when choosing an insurance plan," said Steven Uno, Senior Partner at The Baldwin Group. "Combining our knowledge of human capital management, insurance, and risk management, we can introduce a new approach to insurance that will allow Würk's clients to be more flexible and potentially save money that can be used to enhance a company's product portfolio, cultivation efforts, manufacturing efforts and much more."

"The Baldwin Group is the ideal firm to bring our newest human capital management solution to market," said Deborah Saneman, CEO of Würk. "Expanding our suite of human resource solutions, our Employee Benefit Captive program, along with our ability to offer Predictive Risk Scores and 12-month Forward-Looking Claim Projections, amplifies our commitment to supplying cannabis operators with industry-specific workplace solutions and reemphasizes our position as the legal cannabis industry's premier human capital management solutions provider."

Würk is an all-inclusive destination for cannabis operators seeking simple and intuitive workforce management solutions focused on usability and people. In collaboration with The Baldwin Group, Würk is the first human capital management partner specializing in cannabis to offer Employee Benefit Captives, Predictive Risk Scores, and 12-month Forward-Looking Claim Projections. The Company's unparalleled commitment to the cannabis industry equips clients with industry-specific solutions, rather than one-size-fits-all alternatives. For more information, please visit https://enjoywurk.com/benefits-captive-program/.

About Würk
Würk allows cannabis companies to manage payroll, human resources, timekeeping, scheduling and tax compliance, and minimizes compliance risks in the ever-changing cannabis regulatory environment. The company uses its expertise and trusted partnerships to provide guidance on 280E tax law, accounting and compliant banking. Its platform is designed to scale nationally with the growth of the industry, while incorporating the local laws and regulations unique to individual states. For more information visit https://enjoywurk.com/.

ABOUT THE BALDWIN GROUP
The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc. (NASDAQ: BWIN) and its affiliates (collectively, "Baldwin"), is an independent insurance distribution firm providing indispensable expertise and insights that strive to give our clients the confidence to pursue their purpose, passion, and dreams. As a team of dedicated entrepreneurs and insurance professionals, we have come together to help protect the possible for our clients. We do this by delivering bespoke client solutions, services, and innovation through our comprehensive and tailored approach to risk management, insurance, and employee benefits. We support our clients, colleagues, insurance company partners, and communities through the deployment of vanguard resources and capital to drive our organic and inorganic growth. The Baldwin Group proudly represents more than two million clients across the United States and internationally. For more information, please visit www.baldwin.com

Media Contacts:

Würk
MATTIO Communications
wurk@mattio.com

The Baldwin Group
Jenny Lachesky
The Baldwin Group
Jenny.Lachesky@baldwin.com  

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/wurk-joins-forces-with-the-baldwin-group-formerly-aht-insurance-to-unveil-employee-benefit-captive-program-302250023.html

SOURCE Würk

FAQ

What is the new partnership between Würk and The Baldwin Group?

Würk and The Baldwin Group have formed a partnership to introduce Employee Benefit Captives and Predictive Risk Scoring to help legal cannabis companies better evaluate and control their health insurance benefits.

How will this collaboration benefit cannabis companies?

This collaboration aims to provide cannabis companies with more control over their health insurance benefits and access to innovative insurance solutions tailored to the industry's unique needs.

What is Würk's role in the cannabis industry?

Würk is the leading human capital management (HCM) company in the cannabis industry, providing HR solutions specifically tailored for cannabis businesses.

What new services will be offered through this partnership?

The partnership will introduce Employee Benefit Captives, Predictive Risk Scoring, and other innovative insurance solutions to help cannabis companies better manage their employee benefits.

The Baldwin Insurance Group, Inc.

NASDAQ:BWIN

BWIN Rankings

BWIN Latest News

BWIN Stock Data

2.68B
64.79M
4.34%
101.8%
4.87%
Insurance Brokers
Insurance Agents, Brokers & Service
Link
United States of America
TAMPA