Employee Benefits Solutions

Benchmarking.

Insight-driven analysis to evaluate the competitiveness, structure, and value of your employee benefits against market standards.
Talk to a specialist
Explore Products and Covers
SG - Benchmarking - Header@2x
Benefits

Why Specialist Risk Group?

Specialist Risk Group (SRG) provides data-backed benchmarking that helps employers understand how their benefits compare to peers in their industry, market, or region. By combining strong market insight, insurer access, and analytical expertise, we deliver clear recommendations that support informed decision-making, cost control, and programme improvement. Our benchmarking approach helps organisations identify gaps, enhance competitiveness, and ensure benefits remain relevant and aligned to workforce expectations.

Market insight and data access

Comprehensive understanding of benefits trends, pricing movements, and employer practices across Singapore and the wider region.
SG - Market insight and data access

Comparative analysis capability

Thorough evaluation of benefit design, contribution models, utilisation, and funding against relevant peer groups.
SG - Comparative analysis capability

Clear, actionable recommendations

Targeted insights that guide programme optimisation and support HR and Finance in strategic decision-making.
SG - Employee Benefits

Consultative approach

Close collaboration with HR and Compensation teams to interpret findings and prioritise improvements.
SG - Consultative approach

Support across all benefit types

Benchmarking covering medical, life, disability, FLEX, allowances, and wellness programmes.
SG - Support across all benefit types

Solution Overview.

With rising expectations around benefits and increasing pressure on cost and competitiveness, employers need clear visibility into how their programmes compare to others in the market. Benchmarking provides the evidence base required to support benefits redesign, funding decisions, vendor discussions, and long-term workforce planning.

Our benchmarking service evaluates your existing benefits across design, coverage, contributions, utilisation, and market position. Using current market data, insurer insights, and industry comparisons, we help employers identify strengths, gaps, and opportunities for enhancement. Our approach supports evidence-based decision-making and ensures your benefits remain competitive, sustainable, and aligned with employee needs.
Speak to a Specialist

KEY RISKS.

UK - Market Volatility@2x

Market and peer comparison

Analysis of benefit design, plan levels, and contributions against relevant industry or regional benchmarks.
Our clients

Who is it for?

Benchmarking is essential for organisations seeking clearer visibility into the performance and competitiveness of their benefits, including:
Reviewing or redesigning their benefits programme
Sg - web image 1
Preparing for renewals or insurer negotiations
SG - Preparing for renewals or iComparative analysis capability
Assessing competitiveness to attract and retain talent
SG - Assessing competitiveness to attract and retain talent
Integrating multiple markets or workforce groups
AUS - Integrating multiple markets or workforce groups
Seeking data to support HR or finance-led decision-making
SG - Seeking data to support HR or finance-led decision-making
Reviewing or redesigning their benefits programme
Sg - web image 1
Preparing for renewals or insurer negotiations
SG - Preparing for renewals or iComparative analysis capability
Assessing competitiveness to attract and retain talent
SG - Assessing competitiveness to attract and retain talent
Integrating multiple markets or workforce groups
AUS - Integrating multiple markets or workforce groups
Seeking data to support HR or finance-led decision-making
SG - Seeking data to support HR or finance-led decision-making

Related solutions.

Other solutions that further support your Employee Benefits strategy and workforce wellbeing include:
SG - Insurer relationships

Insurance Benefits Consulting

Strategic advice to optimise benefits design, manage costs, and strengthen workforce wellbeing.
Learn more

Frequently Asked Questions.

Employee Benefits Benchmarking compares your benefits programme against relevant market peers to assess competitiveness, cost positioning and overall value.

Speak to a specialist.

You can easily contact us by filling out the form. Once you have submitted your enquiry, one of our friendly colleagues will reach out to you.