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 3, 2019 In: Performance Based Insurance

Let’s begin with some simple definitions. Subsidy-Based Insurance (SBI) is traditional insurance, insurance coverage where the carrier keeps about 35% of your premium and your business is thrown into a pool of other unknown business, often with a mixed if not problematic loss history. Your rate is determined by...

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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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