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 J. O'Neill of ACIG explains the importance of having an onboarding process in place for new members of a group captive insurance company. This will serve to open up communication channels while highlighting changes to the new member's insurance program.
Brady Young of Strategic Risk Solutions explains some of the emerging uses for captive insurance companies including warranties, service contracts, capitation risks, medical stop loss, terrorism, property policy exclusions, and hospital employed physician groups.
In the video "Three Critical Success Factors for Group Captives," Michael J. O'Neill of ACIG elaborates on how a group captive insurance company's mission statement is vital to its success and describes what makes an effective mission statement.