Risk Strategies Broker Adam Wax Recognized as a 2023 Employee Benefits Power Broker

Adam Wax, Senior Vice President, Risk Strategies

Adam Wax
Senior Vice President
Risk Strategies, Springfield, N.J.

Adam Wax’s client faced an unexpected challenge this year.

The incumbent HR director left suddenly at the same time as the employee benefits plan was up for renewal. The new director struggled to find coverage without an existing broker relationship.

Wax was one of several brokers the client called, but he quickly won the account after an in-person meeting where he presented several well-balanced options. The client adopted a level-funded concept, reducing costs and improving benefits.

These savings allowed the client to maintain its suite of ancillary benefits.

“Adam is very knowledgeable with the plans and was able to find answers to any employee concerns. He took special care to research specific benefits for employees with chronic conditions to ensure continuity of benefits for necessary services,” the client said of working with Wax.

“Adam’s patience, attitude, knowledge and customer service are outstanding. Now that we are an established client, he continues to go above and beyond, always responding to questions quickly and thoroughly — no matter how many times we call or email.”

Wax’s commitment to quality solutions helped him win back a former client this year. The client had moved to a PEO solution. But when the pricing increased and service levels decreased, the client called Wax for alternatives.

Wax’s proactive analysis and negotiation saved his client 15% — and won back the account.

All 2023 Power Broker Winners 

2023 Employee Benefits Power Broker Winners and Finalists 

What is a Power Broker? 

A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they have delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge. 

Our goal is to broadly recognize and promote outstanding risk management and customer service among the brokerage community. 

Who selects the winners? 

Power Brokers are selected by risk managers based on the strength of the testimonials they provide to a team of 15 Risk & Insurance editors and writers. 

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