"From war to inflation, global events have affected each of us individually, leaving internal communicators with a tough terrain to navigate," says Gallagher's State of the Sector report.

Benefits advisors and brokers need to understand price transparency from the participant and provider perspectives, the compliance mandates new federal regulations aim to achieve, and most importantly, what strategies benefits professionals can take to optimize their role and value.

Also, level funding is a midway approach for employers ready to move away from a fully insured plan while keeping the consistency and predictability that came with it.