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Captive Insurance

Do Business Boldly

Your policy should work for you. Replace the pain of traditional insurance with Captive insurance so you can focus on what matters – your business and employees.

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Innovate.Fully. With Captive Insurance

  • Customize Your Coverage
    Instead of “renting” insurance from large carriers in the traditional insurance market, you can own your insurance and the success it brings.
  • Grow Your Network
    Being a part of a group captive grows your professional network, providing a peer group environment with like-minded business leaders to promote best practices and enhance your company culture and safety results.
  • Prioritize Health & Wellness
    Captive insurance rewards businesses for making health and wellness a priority, as well as benefiting from captive ownership.
  • Own Your Outcomes
    If your business has an entrepreneurial drive to control risk and do business boldly, our Captive insurance programs and solutions through Innovative Captive Strategies (ICS) and Global Captive Management (GCM) are here for you!

Meet Stephani Manning, President of Innovative Captive Strategies


Innovative Captive Strategies

Since 1999, Innovative Captive Strategies (ICS) has been challenging the way insurance has always been done.

From Our Blog

Find more resources and information about captives from our thought leaders on our blog.

Global Captive Management

Global Captive Management (GCM) has been bringing their expertise, experience, and passion to the captive insurance industry since 1982, helping clients own their outcomes.
Is Captive Insurance Right for You?

Are you:

  • Frustrated with traditional insurance market pricing?
  • Feeling a lack of stability over a large business expense?
  • Getting little transparency from leading insurance carriers?
  • Feeling like you lack control of your outcomes?

If any of these apply to you, captive insurance might be the perfect option to take your business to the next level. Captive insurance allows you to add to your bottom line, own your outcomes, and maximize a long-term business strategy.

This alternative brings together like-minded businesses to form their own insurance companies. Some of the solutions captive insurance can bring employers include:

  • Control over individual premiums and returns
  • Stability of a long-term business strategy with insulation from market volatility
  • Opportunity to allow for underwriting profit and enhance company culture
  • Incentivized improvement in risk and safety and/or health and wellness

These are just some reasons employers choose to move forward with an insurance captive. Instead of “renting” insurance from large carriers in the traditional market, you get to own your insurance and the success it brings.

Types of Captive Insurance

Property Casualty Group Captives

In Property Casualty group captives, you join a member-owned group captive for your workers’ compensation, general liability, and auto insurance coverages. This grows your professional network, provides a peer group environment to promote best practices, and enhances your company culture and safety results.

Employee Benefits Group Captives

In Employee Benefits group captives, you are provided an alternative option for health insurance. This innovative solution rewards businesses for making health and wellness a priority, as well as benefiting from group captive ownership. The biggest difference between traditional health insurance and an Employee Benefits group captive is you don’t have to pay for unnecessary insurance or coverages your employees don’t use.

Other Types of Captive Insurance

Captive insurance is not a one-size-fits-all solution. There are many types of insurance captive solutions. Learn more about captive types to understand what’s best for you!

A single-parent captive is owned and controlled by a single-parent organization, company, partnership, trust, or individual. This structure is typically used by hospitals, other not-for-profit organizations, or large and mid-sized privately owned for-profit organizations.

An association captive is similar to a group captive, except it is sponsored or owned by an association versus individual members.

An agency captive is owned by an insurance company and provides clients with a creative alternative risk structure.

A segregated portfolio company is a legal structure in the Cayman Islands and many domiciles, and it offers similar segregated cell, incorporated cell, etc. legislation.

A portfolio insurance company is similar to a segregated portfolio company. Incorporating a portfolio insurance company sets the structure apart from an unincorporated cell in a segregated portfolio company.

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Captive Insurance FAQs

What are the benefits of captive insurance?

With Captive insurance, you have control and ownership over one of the largest business expenses by partnering with a cleaner pool of like-minded employers.

Using captive insurance as a long-term business strategy insulates members from market volatility, keeping premiums more consistent and stable.

Captives allow for underwriting profit, making a company’s insurance strategy an opportunity vs. an expense. In addition to the financial benefit, companies have the opportunity to improve workplace culture by enhancing engagement, workplace safety, and or/health and wellness initiatives.

Who is a good fit for a Property Casualty group captive?
  • A company with a consistent focus and commitment to improving its safety culture
  • Businesses that pay $200,000+ in Workers’ Compensation, General Liability, and Auto premiums combined
  • Companies with a privately held ownership structure
  • Businesses that desire control
  • Businesses that embrace “risk for reward”
Who is a good fit for an Employee Benefits group captive?
  • A company that has a typically “good” claims performance
  • Leaders with an entrepreneurial spirit
  • Businesses that desire control
  • Businesses that embrace “risk for reward”
  • Companies that already have either a fully insured or self-insured benefits structure
  • A company with a consistent focus and commitment to improving employees’ health
  • A company with 50+ enrolled employees