|
||||||
|
||||||
THE CHANGING INSURANCE
MARKETPLACE
ALTERNATIVE RISK
TRANSFER
(ART) The Alternative
Risk Transfer Industry (ART); Captives, Self Insurance, RRG’s, State Pools,
and other non-Commercial Insurance Company risk assuming procedures,
is creating changes in the Insurance Industry. The Insurance Industry will realize the most change in the
Group Captive and Risk Retention Act area.
Several state insurance departments have committed specific resources
to attract Group Captives and Risk Retention Act Insurer’s, principally; Businesses considering structuring their Insurance and
Reinsurance protection thru Risk Transfer Alternatives (ART’s)
(non-commercial insurance company’s) must first understand the technical
support required to provide: ● Claims Management and Administration
Services; Experts agree that the No#1 advantage, when taking charge
of your own insurance program, should be the ability to immediately
respond, evaluate, and settle claims, and defend non-negligent claims, in lieu
of making an economic settlement of every claim submitted as just a means of
closing claims. ● Insurance Program Underwriting and
Policy Services; (MGA, MGU) ● Program Actuarial Services; ● Risk Management Services; ● Agent, Broker, Producer field
representation services; ● Reinsurance Brokerage Services; ● Premium Finance Services, if
applicable. Note: This
does not include the basic Captive’s or Risk Retention Group’s Company
organization and operations
management group. ● CAPTIVE MANAGER (required) ● ACTUARIAL (required) ● CORPORATE LEGAL (required) ● Banking and Investment (required) ● ACCOUNTING CPA (required) |
|
|||||
|
BACK – USE ARROW TO PRINT USE PRINT PREVIEW |
|||||