There was a time, not long ago, when captive insurance would be classified as an "alternative risk transfer mechanism.” Today, more than 90% of Fortune 500 companies own a captive, and this “alternative mechanism” accounts for a quarter of the overall commercial insurance market, worldwide.
But captive insurance isn’t just for the largest enterprises. Today, we work with more than 7,400 companies across the nation that have realized the benefits of the group captive models for casualty and medical stop loss coverages, thanks to group captive insurance.
Several factors have contributed to the evolution of captive insurance from a niche solution to a mainstream risk financing strategy, such as volatile market conditions producing skyrocketing premiums, economic challenges, and social inflation. But captive insurance can be an effective insurance vehicle in any market, offering more predictable costs, greater insulation from market volatility, and increased control, flexibility, and transparency into insurance programs.
To find out why more companies are choosing group captive insurance more than ever before, fill out the form to download our latest infographic — From Niche to Mainstream: Charting the Explosive Growth of Group Captives.
