IOA Captive & Alternative Risk Financing
It is IOA’s goal to provide mainstream coverage to our clients, including corporations, public entities and professionals, who might not think they’re able. Captive and alternative risk financing was originally established and capitalized by organizations and individuals with common requirements for insurance who could not obtain coverage on the commercial markets; could not obtain coverage at an acceptable price; could not effectively act as a Captive Insurance Company; or could not act as a Self-Insurer.
Coverages Written Include:
- Property Insurance
- Workers' Compensation Insurance
- Director and Officer Liability Insurance
- Medical Malpractice Liability Insurance
- Primary and Excess Liability Insurance
Insured Include a Broad Range of Organizations and Individuals:
- Medical Personnel
- Banks
- Manufacturers
- Public Entities
- Nonprofit Entities
- Contractors
- Transportation Companies and Systems
At IOA, our risk finance is concerned with providing funds to cover the financial effect of unexpected losses experienced by a firm.
Traditional forms of finance include, funded retention by way of reserves (often called self insurance) and risk pooling.
Alternative risk finance is the use of products and solutions which have grown out of the convergence of the banking and insurance industry. They include captive insurance companies and catastrophic bonds, and finite risk products such loss portfolio transfers and adverse development covers.
For more information about IOA Captive & Alternative Risk Financing, call
(800) 243-6899.