Most insurance companies have dirty risk pools because they insure just about everybody – safety-conscious companies and careless companies alike. So premiums are higher for everybody because the pool needs cash to cover the excessive claims of unsafe, careless companies. Companies with track records of safety and low claims...Read more
Insurance isn’t fun. It’s one of business’s necessary evils you hope you never need to use. That’s why most CEOs and CFOs tend to avoid thinking about it. After setting up a plan, they’re locked in and lull themselves into comfortable contentment. They tolerate an annual review, listen to...Read more
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...Read more
Many types of insurance fit within the category of Performance Based Insurance (PBI). Some of the names may be familiar to business executives, while others might come as a surprise: Risk Retention Group Baseball Retro Retention Plan Pure Captive Self-Insured Retention Plan Paid Loss Retro Participating Dividend Plan Safety...Read more
Captives, a better known type of Performance Based Insurance, are becoming increasingly popular as an insurance vehicle for many companies, large and small. Approximately 30 US states have passed laws allowing captives to be formed in their jurisdictions. Vermont, which allowed the first on shore captive to be formed,...Read more
Long known for innovation, TriPoint has been at the forefront introducing safety, HR consulting and Injury Management services to the CT marketplace. TriPoint introduced the concept of Performance Based Insurance, which pays dividends to companies who have strong safety cultures and control their losses.