Stewart Feldman, CEO of Capstone Associated Services, says that before undertaking the project of forming a captive insurance company and the payment of hundreds of thousands—if not millions—of dollars in annual premiums, most individuals or organizations will do advanced planning and analysis through a captive feasibility study.
According to Rob Walling, principal and consulting actuary with Pinnacle Actuarial Resources, Inc., technology is playing an exciting role in captive innovation and formation.
As health care moves to population management, captive insurers have accepted the challenge. Captive loss data will make the difference in its success.
Employed physicians have ended up with stronger and more succinctly managed insurance programs through captives than when they were commercially insured.
Michael Maglaras, president of Michael Maglaras & Company, suggests the time has come to insure direct statutory workers compensation in captives.