Captives / Alternative Risk

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The Captive and Alternative Risk Transfer Market (ART) is the Fastest Growing Commercial Insurance Market

A broad and simple definition of Alternative Risk Transfer is when a commercial insurance consumer assumes a portion of its own risk in exchange for lower premiums or a reduction in their net cost of insurance.

Why is alternative risk transfer insurance growing so fast?

 

Alternative risk transfer is growing because high performing companies...

• don’t pay high premiums to subsidize low-performing members whose premiums are inadequate to pay their claims
• gain access to profits (underwriting profit and investment income) generated from current insurance premiums
• get more control of claim management, risk management, and with whom they share their risk
• gain stability and predictability in their premiums rather than the typical market swings of the insurance industry

What are some of the options available within the alternative risk transfer market?

• High Deductible Plans
• Self Insured Retention (SIR) Plans
• Retrospectively Rated Plans
• Individual or Group Qualified Self Insured Plans
• Risk Retention Groups
• Captive insurance company formations
  • Single Parent Captive
  • Rent-A-Captives
  • Group Captives

Only high performance companies qualify
Not every company qualifies for alternative risk transfer . This market is typically available only to companies with low risk profiles and a dedication to maintaining safe operations.

RJF’s alternative risk team will help you reduce loss ratios, implement safety procedures and establish a culture of safety within your organization. This team combines our safety and loss prevention, claims, human resource and employee wellness/health management consultants for maximum synergy.

Determine your options and design your product
Once our teams have established that you qualify for an alternative risk transfer product, the final step is to design a product specifically for your firm.

Find out if this popular type of insurance is an option for you.
Get started with our Quick Response form, email Courtney Claflin, Vice President, Alternative Risk, or call 763-746-8000 or 800-444-3033 to learn more.