Brokers See Big Boost In Captive Interest
Looking to exert more control over rising premium costs, commercial customers are turning to various captive options ranging from setting up their own self-insurance vehicles to joining group captives, brokerage officials say.
While risk managers might not see an immediate decrease in insurance costs when forming their own vehicle, they also enter captive programs to hedge against the possibility of future premium increases and to benefit their bottom line, brokers note.
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