What's new in group captives? Doing two
Mike Madden and Chad Kunkel along with Artex client, Taylor Evans CFO of Modern Builders Supply, were on the panel, “What’s new in group captives? Doing two”, at the CICA 2018 International Conference in Scottsdale, AZ earlier this month.
After experiencing success in a P&C group captive, many captive members are investigating stop loss captives to reign in the cost of health care. The panel discussed the goals achieved by participating in more than one captive and touched on how mature group captive programs evolve in order to reduce the cost of risk.
As a client with more than one captive, Taylor talked about how mid-sized employers, like his, are utilizing captives to reduce and stabilize medical stop loss costs. He reviewed how his company has embraced wellness programs to better manage Workers' Compensation and health plan risk.
Identifying emerging cost containment and risk management strategies, mature group captives can implement to best manage risk.
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