By: tripointins On: February 13, 2020 In: Performance Based Insurance

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...

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By: tripointins On: January 20, 2020 In: Performance Based Insurance

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...

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By: tripointins On: December 27, 2019 In: Performance Based Insurance

How does the Performance Based Insurance (PBI) model differ from the Subsidy Based Insurance (traditional insurance) model? The Performance Based Insurance model requires little or no subsidy to the insurance carrier – it works like this. All companies pay a fixed premium that’s used to run an insurance company....

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By: tripointins On: December 3, 2019 In: Performance Based Insurance

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...

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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...

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By: tripointins On: July 21, 2015 In: Performance Based Insurance