Captive & Alternative Risk Insurance Programs
Know the possibilities. Our team of Captive Insurance and Alternative Risk Professionals are experts in custom variable cost programs that provide the flexibility and rewards of insurance ownership.
What is a Captive?
A captive is an insurance company that is owned by the businesses it insures to give more control, reduce risks and increase the potential for profits.
Types of Captive Insurance
Single Parent Captive
A single parent captive, also known as a pure captive, is owned and controlled by one organization and formed as a subsidiary of that organization.
Group Captive
A group captive is an insurance company formed by like-minded business owners to retain and share specific layers of risk, who are seeking more program control and maintain a desire to capture underwriting profits.
How Do Captive Insurance Programs Work?
To put it simply, captives are alternative risk transfer programs that companies use to finance risk. Captives take a traditional insurance policy, buy back a layer of risk, and then provide a funding mechanism for that layer of risk. The result? An insurance program that provides stable coverage with the ability for a policy holder to profit from their positive loss experience while protecting for potential downside risk.
Who Should Consider Joining a Captive Insurance Program?
- Want more control over insurance pricing
- Are not adverse to assuming specific layers of risk
- Are safety-oriented and focused on minimizing losses
- Want long-term stability in insurance pricing
- Want control over how claims are handled
- Desire to receive unearned underwriting profit
- Want more control over insurance pricing
- Are not adverse to assuming specific layers of risk
- Are safety-oriented and focused on minimizing losses
- Want long-term stability in insurance pricing
- Want control over how claims are handled
- Desire to receive unearned underwriting profit
Benefits of Captive & Alternative Risk Programs
- Premium cost based on actual company experience
- Opportunity to capture underwriting profit
- More control over how claims are handled, managed and settled
- Long-term rate stability over time
- Group purchasing power for reinsurance
- Greater protection from marketplace conditions
- Premium cost based on actual company experience
- Opportunity to capture underwriting profit
- More control over how claims are handled, managed and settled
- Long-term rate stability over time
- Group purchasing power for reinsurance
- Greater protection from marketplace conditions
Dwight Andrus Insurance
Leading the Way With Captive & Alternative Risk
Dwight Andrus Insurance is at the forefront of Captive and Alternative Risk product offerings. We have strategically partnered with the largest Captive Managers in the marketplace to provide greater access for our clients.
Our consultative approach to Captive and Alternative Risk placement ensures that we can assist our clients to find the right fit the first time.
Call For Your Solution
(337) 981-7300
Email for Your Solution
info@andrus.com
Note: The above is meant as general information to help you understand the different types of coverages and services available. References to insurance policies and coverages do not refer to any specific policy of insurance and do not modify any definitions, exclusions or any other provision expressly stated in any policies of insurance. We encourage you to speak to your insurance consultant and to read your policy contract to fully understand your coverages.