Business Insurance Background

Group Captives

A Group Captive is an insurance company owned by its participating policyholders. Companies that join Group Captives are seeking the advantages of cost savings, insulation from market cycles, and greater ability to manage risk. They also have the opportunity to earn investment income and receive underwriting profits on the merit of their own performance.

A Group Captive can insure the collective risks of a group in either the same or different industries, trade associations or classes of businesses. It can divide the risk and spread the fixed cost of the Captive among the participants as owners in the Captive. This allows insurance to be tailored to the needs of each individual participant in the group. It can also provide significant savings.

How Group Captive Insurance Works

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Resources

  • articlesIt’s Open Enrollment Season: Let’s Up Your Game

    By Hugh Devlyn, Employee Benefits Sales Manager at Johnson Financial Group For many organizations, benefit open enrollment (“OE”) season is fast approaching. OE can be a stressful time for employees and seasoned HR professionals alike.

  • articlesSplit Point Experience Rating Formula Explained

    In the experience rating process, each loss is divided into a primary and excess portion. The first $16,500 of every loss is determined as a primary loss, with everything above that point considered an excess loss. In July 2011, the NCCI announced a proposal

  • articlesExperience Modification Factor Explained

    Your Experience Modification Factor can be explained as follows: The mod is a ratio of actual losses to expected losses over a 3 year period If your actual losses are more than expected, then your mod is over 1.0 If your actual losses are

  • articlesTemporary Worker and Joint Employment Webinar

    For insights into the pros and cons of temporary workers and joint employment, view a recording of our recent webinar held on March 12, or click here to find a Johnson Financial Group advisor near you. In this webinar we address: Human Resource perspectives

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