https://completemarkets.com/Article/article-post/2254/ALTERNATIVE-RISK-FINANCING-NOT-JUST-FOR-FORTUNE-500-COMPANIES/
...rse firms) to self-insurance and captive insurance (for firms seeking the ult... magazine for risk and insurance professionals.
https://completemarkets.com/Article/article-post/2586/Pitfalls-to-Avoid-in-Running-a-Captive-Premium-Finance-Company/
Pitfalls to Avoid in Running a Captive Premium Finance Company
You've made the decision to form a captive premium finance company. You've also...e of business you'll be financing.
Captive premium finance companies have usually provided t...
https://completemarkets.com/Article/article-post/793/Understanding-And-Using-The-Services-Of-Program-Administrators/
...y. Many PAs have entered into the captive reinsurance market, participating in...
https://completemarkets.com/Article/article-post/181/Workers-Comp-Underwriting-Trends/
...exposure becomes paramount. Using captive insurance subsidiaries may become mo...ate corporate entity, a wholly owned captive also enhances an organization's m...
https://completemarkets.com/Article/article-post/702/Variable-Questions-And-Some-Answers/
...ment basis as opposed to a single premium. And, at least at young ages, the premium installments will be paid over many ...he company-controlled BD provided professional support services, but no produc...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2254/ALTERNATIVE-RISK-FINANCING-NOT-JUST-FOR-FORTUNE-500-COMPANIES/
... earn the investment income on reserves that was formerly earned by an insurance company. ALTERNATIVE RISK FINANCING OPTIONS Insurers have developed many colorful titles for what amounts to a handful of alternative risk financing techniques. Methods range from guaranteed cost (for risk-averse firms) to self-insurance and captive insurance (for firms seeking the ultimate in control over the risk management and financing process) . These techniques include: &# 160 Guaranteed cost Retrospective rating Large deductible Self-insurance Captive insurance This chart summarizes the main features of these alternatives: Analysis of Key Risk Financing ... 1 2 4 5 3 Maintenance 5 4 3 2 1 Organizational Control 1 2 3 5 5 Guaranteed cost insurance. Guaranteed cost remains an attractive option, particularly in a highly competitive insurance market. "Guaranteed cost" means that the insured pays a one-time premium based either on a rate (for example, per payroll or property values) or a flat amount. The insurer assumes the loss obligations covered under the policy. In some circumstances, guaranteed cost can be the best of all worlds. A specially tailored program ... Services Jobs PR Newsletters Employees Articles Blog Photos Group Connections Reviews IMMS Library Immerse yourself in our stacks. Take some time and browse through our library. We have thousands of articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Alternative Risk Financing: Not Just For Fortune 500 Companies 4/30/2013 10:45:23 PM by ...
https://completemarkets.com/company/ase-insurance-services/Articles/content-package/Member-Content/TabCategory/article-post/2564/Its-a-Small-World-Doing-Business-Abroad/
... division of major companies, offering creativity, capacity, and flexibility, enabling the agent or broker to approach accounts on a broad basis. Examples include Aetna, AIG, Chubb, Great American, The Hartford, and Reliance National. Agents and brokers can access the captive market either by establishing a captive for a corporate client or renting a captive to facilitate international exposures, self-insured retentions, and a potential profit center. The international market has captive facilities in such locations as Bermuda, Barbados, Ireland, Guernsey (the Channel Islands ... are domiciled. However, most insurers are federally regulated, which allows them to operate nationwide. U.S. insurers are required to obtain licensing in each state in which they do business. Some Canadian provinces, notably Ontario and Quebec, impose a sales tax on insurance premiums. This means the broker has to collect this tax and remit it to a provincial regulatory department. There are also rigorous requirements on brokers regarding the placement of insurance with non-licensed insurers, which could affect your international accounts. Some significant differences are found in such ... lines as No-Fault Auto insurance, Environmental coverage, and Workers' Compensation. For example, since there isn't subrogation under Workers' Compensation for most industries in Canada, Comprehensive General Liability in the construction field does not have the same exposures as a similar situation in the United States would. TWO PEOPLES DIVIDED BY A COMMON LANGUAGE Agents and brokers should also consider cultural differences between the United States and Canada that can affect the conduct of business across the border. For example, the United States tends to be more forms oriented. Accounts ...
https://completemarkets.com/Article/article-post/1101/WOMENS-INDEPENDENT-GUIDE-TO-INSURANCE/
...se sales people via 800 numbers), captive agent companies (who employ agents t...iness insurance offers property and liability coverage whether you operate fro...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/793/Understanding-And-Using-The-Services-Of-Program-Administrators/
... underwriting authority contracted to specialists. Insurance companies recognize that the success of a program-in terms of rate, form, and limits capacity-is often driven by reinsurance. A reinsurance treaty created and built around a program reduces expenses and enhances capacity. Many PAs have entered into the captive reinsurance market, participating in the products they underwrite. Such an arrangement can be profitable and cement the relationship with the primary and reinsurance underwriters. Sharing in underwriting profits through profit-sharing agreements with the insurance and reinsurance underwriters-not commission revenue-should be the PA's bottom-line motivation. Insurance ... USMC officers. More insurance companies are turning to PAs to underwrite and market their specialty programs. Insurance companies are focusing on specialty classes of business that they believe will give them an adequate underwriting return, since they can better control their expenses and apply actuary data (premiums, losses, expenses, and rates) associated with the program. As in any industry, the fewer the competitors, the more adequate is the pricing of the product for the company selling it. Insurance companies will continue to seek experts in niche classes of ... Services Jobs PR Newsletters Employees Articles Blog Photos Group Connections Reviews IMMS Library Immerse yourself in our stacks. Take some time and browse through our library. We have thousands of articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Understanding And Using The Services Of Program Administrators 4/30/2013 12:00:00 AM by CompleteMarkets Editor ...
https://completemarkets.com/Article/article-post/1663/HEALTH-INSURANCE-MODULE-V-H/
...ircumstances. HMOs today use both captive and independent agents to sell their...contract holder only promises to pay premiums. Individual Health insurance c...