How it works
The math, shown — not a black-box “AI answer.”
blankit doesn’t guess the right renewal number with a model. It walks the same actuarial sequence a credentialled consultant would — and shows every step in the report you send back to the carrier.
The workflow
Three steps, ten minutes.
Step 1
Upload
Drop in the renewal PDF.
Any carrier format — Sun Life, Manulife, Canada Life, GreenShield, RBC, Equitable, Co-operators, regional carriers. blankit extracts the renewal letter, experience pages, and rate calculations into a structured document.
Step 2
Analyze
Run the actuarial engine.
Every benefit line (EHC, Dental, Life, ADD, STD, LTD) goes through the same five-step calculation. The result is a defensible counter-number, line-by-line, with carrier-comparable units.
Step 3
Report
Send the firm-branded PDF back.
The output is a renewal challenge report — your firm’s logo, your firm’s colors, your firm’s tone — with executive summary, line-by-line math, and a recommendation the carrier can't hand-wave away.
The methodology, in full
Eight steps. One defensible number per line.
Every step below runs for every health-line benefit on the renewal. The same logic appears as a footnote on the report PDF — so when the underwriter pushes back, the answer is already on the page.
- 01
Strip large claimants, re-add pool charge
Individual claimants above $25,000 are removed from paid claims and replaced with a standard pool-charge PMPM. This isolates the experience the group is actually responsible for — and exposes how much of the “premium” is really pooled risk the carrier never had to fund.
- 02
Remove the pooling charge from gross premium
The carrier's pooling charge is removed from gross premium to reveal net premium — what was actually available to cover group claims. This is the denominator the carrier doesn't want shown.
- 03
Add IBNR to incurred claims
Incurred-but-not-reported claims are loaded onto paid claims using line-specific factors (EHC 4%, Dental 6%, LTD 12%, etc.). This is the numerator that gets the loss ratio right.
- 04
Compute the real net loss ratio
Incurred claims ÷ net premium. Materially higher than the carrier-quoted gross loss ratio, because the denominator dropped and the numerator rose. This is the negotiating number.
- 05
Trend from experience midpoint to renewal midpoint
Line-specific trend factors — EHC 8.5%, Dental 4.5%, STD 5%, LTD 5.5%, Life/ADD 2.5% — project the experience period forward to the policy period being priced.
- 06
Credibility-blend with the carrier’s manual rate
Square-root rule (Limited Fluctuation Credibility) blends the trended group experience with the carrier’s implied manual rate. Larger groups carry more weight; smaller groups borrow more from the manual.
- 07
Gross up by the carrier’s own target loss ratio
TLR by line — EHC 82%, Dental 80%, STD 75%, LTD 78%, Life 70%, ADD 55%. Holding the carrier to their own pricing target, not a conservative benchmark, is what makes the methodology aggressive.
- 08
Cap at the carrier proposal
blankit will never recommend paying more than the carrier asked for. The "fair" premium is the lower of the calculated value and the carrier proposal.
Provincial mechanics
The Québec adjustments most national tools quietly skip.
Group plans for Québec employers cover less than equivalent plans in other provinces — because the provincial system already covers part of the disability stack. blankit applies these offsets automatically so the trended PMPM lands at the right number, not the carrier’s default-Ontario assumption.
STD · QPIP offset
0.85×Québec Parental Insurance Plan absorbs the parental-leave portion of short-term disability. blankit drops the STD trended PMPM by 15% for QC groups before credibility blending.
LTD · CNESST offset
0.90×The Commission des normes, de l’équité, de la santé et de la sécurité du travail covers a slice of long-term disability claims in Québec. blankit drops the LTD trended PMPM by 10% for QC groups.
In the product
Where the methodology lives.
Renewal challenge report
The branded PDF you send back to the carrier — line-by-line math, your firm's logo.
Practice dashboard
Renewal pipeline, client library, claims experience, and benchmarks in one surface.
Employee benefits chatbot
Booklet-grounded Q&A for plan members, white-labelled to the employer.
Pull a real renewal and watch the methodology run.
Book a demo and we’ll run your most recent carrier renewal through the engine on screen. You leave with the counter-number and a firm-branded challenge PDF.