Novo Benefits Acquires Allay

Novo Benefits, a leader in self-funded insurance, has completed the acquisition of technology platform Allay in a move that will make quoting and modeling health plans easier and more cost-effective for benefit consultants. The platform will be renamed Novo Connection to better integrate with Novo’s existing portfolio of products. Rather than hiring a team of in-house health actuaries, Allay’s online platform provides an easy way for advisors to model out various self-funding strategies, understand a group’s risk, customize plan designs and plan components, and secure competitive stop-loss coverage to match the plan designs.

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