The Group Captive is one of the best known types of Performance Based Insurance (PBI). Think of group captive as an insurance company owned and operated by its members. Just like a traditional insurance company, a group captive issues policies, collect premiums and pays for claims, but claims are administered by a TPA (Third Party Administrator). With an emphasis on safety and injury management, the owners of the captive receive their unused premium back in the form of dividends, rather than paying for the overhead of an insurance carrier. The results are compelling, companies which maintain low loss levels can reduce their current premiums by 25% to 50%.