We love working with our clients to customize policyholder service plans that meet your unique needs. Below are just some of the services we typically provide on a standalone basis or on a shared basis with our clients.
Review of insurance and reinsurance programs for compliance with specific terms and conditions established by the captive.
Review of applications for insurance, policy form, and endorsements provided by coverage counsel.
Assistance with pricing and rating of insured risks in accordance with granted authorization, established underwriting standards, guidelines, and filed rates.
Preparation of and execution of all policies and contracts of insurance, binders, endorsements, and certificates of insurance.
Maintenance of complete and accurate records and policy files for all policies issued by the captive
Issuance of cancellations and terminations.
Preparation of underwriting activity reports and information concerning the captive insurance program.
Provision of other administrative services including:
- Attending meetings
- Preparing statistical reports
- Acting as liason between the captive, reinsurers, auditors, actuaries, and the domiciliary Captive Insurance Division
“Captive insurance involves breaking the insurance product down into its various components and then putting it back together in a more efficient manner.”
Risk Services builds captive insurance programs using best of class service providers who are industry specialists.[rä-jer-izem]
Words of wisdom from our CEO, Michael Rogers
“We formed CFRRG using another captive manager, who structured us as a stock company. When we switched to Risk Services they converted CFRRG to a reciprocal, which has saved us over $5,000,000 since 2005.”
Paul Sneed, Communities of Faith Risk Retention Group