MetLife and Nayya Team Up to Deliver Enhanced Employee Benefits Experiences
17 Ottobre 2023 - 2:00PM
Business Wire
With nearly half (45%) of U.S. employees not
fully understanding their benefits package, the new collaboration
aims to increase benefits comprehension and yearlong utilization
through a personalized approach.
Today MetLife announces a new strategic relationship with Nayya,
a leading digital platform provider of benefits decision support
and engagement, whereby MetLife will become the exclusive insurance
carrier to offer Nayya's capabilities to employers with more than
1,000 U.S. employees on a go-forward basis. By expanding its
standard offering to include Nayya’s artificial
intelligence-powered solution, MetLife will deliver enhanced
benefits experiences to millions of individuals empowering today's
workforce to make the most of employer offerings by choosing and
using benefits that support their individual and evolving
needs.
This announcement comes on the heels of MetLife’s latest U.S.
Employee Benefit Trends Study research which found nearly half
(45%) of today’s workforce say there are elements of their benefits
packages they don’t fully understand. Lack of comprehension
detracts from the major role benefits play in supporting the
employee experience as 62% of employees say understanding how to
use their benefits would give them a greater sense of overall
stability and half (50%) say having it would make them more loyal
to their employer.
“While employees recognize the need for benefits, our research
shows there are key barriers to employees’ understanding of what
benefits are offered, how they can be used during critical moments
and also year-round to support their personal needs and financial
goals,” says Bradd Chignoli, senior vice president, National
Accounts & Financial Wellness at MetLife. “Our work with Nayya
will empower employees to make informed decisions and provide
educational guidance to understand the value and increase use of
their employer-provided benefits.”
As a leading provider of employee benefits in the U.S.,
MetLife’s relationship with Nayya complements its larger strategy
to deliver simplified and holistic benefits experiences. Nayya’s
benefits decision support and year-round engagement solutions will
be offered at no cost to companies with more than 1,000 U.S.
employees and be fully integrated within MetLife’s Upwise platform.
In addition, MetLife will continue to work with other platforms
that work with their customers and brokers.
“Through a mix of vision, culture and technology, MetLife and
Nayya are embracing the challenges around benefits engagement and
comprehension by joining best-in-class products with best-in-class
consumer experiences,” says Sina Chehrazi, CEO & Founder of
Nayya. “This collaboration couldn’t come at a more critical time to
support today’s employees’ holistic health. Together, we’re paving
the way to deliver on the full promise and potential of the U.S.
benefits industry.”
Nayya uses individual's information permissioned by users,
gathered through a streamlined interface, and artificial
intelligence algorithms to provide tailored and actionable
recommendations across a full range of benefits including medical,
dental, vision, life, disability and accident & health, pet
insurance, health spending accounts, identity protection and legal
plans, while considering how these products holistically work
together. In addition to benefits decision support, Nayya provides
ongoing engagement to educate individuals and drive value of
benefits throughout the year, providing proactive notifications and
claims-based opportunities. MetLife and Nayya will begin
demonstrating the two firms’ capabilities with customers and
brokers in the first quarter of 2024.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the world’s leading financial
services companies, providing insurance, annuities, employee
benefits and asset management to help individual and institutional
customers build a more confident future. Founded in 1868, MetLife
has operations in more than 40 markets globally and holds leading
positions in the United States, Japan, Latin America, Asia, Europe,
and the Middle East. For more information, visit
www.metlife.com.
About Nayya
Founded in 2019, Nayya is a new age, software and data
infrastructure company transforming the way employees understand,
choose and use their benefits, driving better financial outcomes
for employees and employers. Year round, Nayya analyzes data to
ensure that the right benefits and point solutions are provided to
employees when they need it most. Nayya’s mission is to give
consumers financial peace on their best days, and confidence on
their worst. Nayya is headquartered in New York, N.Y. For more
information, please visit nayya.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231017321941/en/
MetLife Media: Liz Harish 929-343-7473
elizabeth.harish@metlife.com
Nayya Media: Kate Caballero 646-932-2719
kcaballero@nayya.com
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