When businesses embrace the concept of a group captive, they must be fully committed to operating as safely as possible to reap the rewards of the program. Captive members see the benefits of good loss performance, but also feel the pain when it is not so good . . . (Credit: gualtiero boffi/Shutterstock.com) When businesses embrace the concept of a group captive, they must be fully committed to operating as safely as possible to reap the rewards of the program. Captive members see the benefits of good loss performance, but also feel the pain when it is not so good . . . (Credit: gualtiero boffi/Shutterstock.com)

For several years, we have been in the midst of a hard insurance market. As a result, insurance carriers continue to respond with steep price increases, dramatically larger deductibles and lower coverage limits. However, sophisticated insurance buyers are taking control of this situation by strategically utilizing group captive insurance companies.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Coverage & Policy Issues
Commercial Lines