An Introduction to Captives in the Employee Benefits Arena

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18 Dec

An Introduction to Captives in the Employee Benefits Arena

An Introduction to Captives in the Employee Benefits Arena

Wednesday, December 18, 2024 (12:00 AM to 11:59 PM)
1 PDCs
Provider: Baldwin Risk Partners
Course Name: An Introduction to Captives in the Employee Benefits Arena

Speaker: Nick Getz
Program Type: Videoconferences, webcasts, audiocasts, podcasts, eBooks, self-directed E-Learning
Registration URL: https://bks-partners.zoom.us/webinar/register/WN_uLWMdGiIS7ud4L4FqK4HxQ#/registration

Email Details

Captives are a popular strategy for organizations that are looking to optimize cost-savings, coverage, and other benefits. In this program, employers learn the basics of the captive vehicle for insurance, including operational basics and potential impacts associated with a captive strategy. We will define and explain the concept of captives, which are self-funded insurance plans maintained by a group member or organization for the purpose of covering some or all of the risk associated with employee benefits plans. Attendees will learn about how captives can be organized and managed, including their types, structures, and underlying funding methodologies. Insights related to utilization of captives to address and reduce risk in employee benefits plans will be introduced and attendees will learn how captives can be employed to manage cost fluctuations, mitigate risk, and fill gaps in coverage. We will also discuss the potential downsides of captives, such as the complexity of setting them up and managing them, as well as the long-term commitment that they require. Join us for this informative webinar offering helpful insights for organizations and professionals interested in exploring captives as an option for managing risk and optimizing benefits programs.

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Captives are a popular strategy for organizations that are looking to optimize cost-savings, coverage, and other benefits. In this program, employers learn the basics of the captive vehicle for insurance, including operational basics and potential impacts associated with a captive strategy. We will define and explain the concept of captives, which are self-funded insurance plans maintained by a group member or organization for the purpose of covering some or all of the risk associated with employee benefits plans. Attendees will learn about how captives can be organized and managed, including their types, structures, and underlying funding methodologies. Insights related to utilization of captives to address and reduce risk in employee benefits plans will be introduced and attendees will learn how captives can be employed to manage cost fluctuations, mitigate risk, and fill gaps in coverage. We will also discuss the potential downsides of captives, such as the complexity of setting them up and managing them, as well as the long-term commitment that they require. Join us for this informative webinar offering helpful insights for organizations and professionals interested in exploring captives as an option for managing risk and optimizing benefits programs.