Parento

Employer-paid parental leave insurance with integrated leave management and parent coaching

Specialty Solutions

Overview

Parento is a parental leave insurance MGA selling fully-insured paid parental leave policies directly to employers across the United States. The company targets private-sector employers with 10 to 10,000 employees that lack access to structured paid family leave benefits.

Parento underwrites customizable parental leave policies covering 6 to 16 weeks of leave at up to 100% of base salary for eligible full-time employees, including birthing, non-birthing, adoptive, and foster parents. The product is designed to coordinate with existing state paid family leave programs, short-term disability policies, and employer benefit plans. Parento launched its nationwide insurance product on the Joshu Platform in January 2024, completing the contract-to-go-live in under 100 days.

The company reports a 95% full-time return-to-work rate among its policyholders, compared with an industry average of 60-65%. Parento estimates the total addressable market for employer-paid parental leave insurance in the US at USD 43B, pointing to approximately 27% of private-sector workers who currently lack paid family leave access.

Products & Services

Paid Parental Leave Insurance

Fully insured parental leave coverage for employers. Policies cover 6 to 16 weeks at up to 100% of base salary for all full-time employees welcoming a child through birth, adoption, or fostering.

Key Features

6 to 16 weeks of paid leave at up to 100% of base salary
Gender-neutral coverage for all parents (birthing, non-birthing, adoptive, foster)
Coordinates with state PFL programs and employer STD/disability policies
Available nationwide

Target Users: US employers with 10 to 10,000 employees

Distribution: Direct to employers (B2B)

Leave Concierge

Integrated leave management service bundled with the insurance product. Handles disability and state PFL filing assistance, payroll calculations, compliance coordination, and reporting dashboards for HR teams.

Target Users: HR teams at Parento policyholder employers

Parent Experience Program

Unlimited one-on-one parent coaching for employees at all stages of parental leave -- pre-leave, during leave, and return-to-work. Reports 5x usage relative to comparable employee assistance programs.

Target Users: Employees of Parento policyholder employers

Self-Funded Alternative

A variant combining self-funded leave (no insurance premium) with the Leave Concierge and Parent Experience Program components for employers preferring to self-insure the benefit.

Target Users: Employers who want the administration and coaching services without insurance coverage