Captive Resources, LLC

For many companies, commercial insurance can be challenging. Traditional insurance programs typically present a lack of transparency, continually increasing premiums, and frustrating, last-minute renewals. In contrast, captive insurance offers companies a different approach by allowing them to become owners of their own insurance companies, rather than simply policyholders. It’s an approach that has rapidly grown in popularity, especially over the last several years. According to EY's 2024 Global Insurance Outlook, captive insurance now accounts for 25% of the overall insurance market. In particular, group captives leveraging our member-owned, risk-reward model have experienced robust growth in recent years due to the numerous benefits for their owners. Interested in learning more about group captive insurance? Contact our team today! https://lnkd.in/gERkEH32 #captiveinsurance #groupcaptives #captiveresources

Just published: a new edition of Captive Resources Insights — a compilation of recent group captive insurance industry news and insights. You’ll find articles on what employers need to know about GLP-1 medications, workers' compensation mediations, and alternative drug sourcing and cost containment solutions. Check out the latest edition and subscribe today! #glp1medications #workerscompensation #costcontainment #groupcaptives

Recently, our team came together to support Phil’s Friends, an organization dedicated to providing comfort and hope for those battling cancer. Our volunteers worked side by side crafting fleece blankets for care packages. Beyond the blankets, our colleagues generously contributed essential care package items. Want to get involved? Click the link to learn more about their mission and volunteer opportunities at their Hope Centers: https://hubs.la/Q02YfFW10 #CommunityService #GivingBack #PhilsFriends #CancerSupport#captiveresources #captiveinsurance

For the eighth consecutive year, #CaptiveResources has been named a #TopWorkplace in Chicagoland by the Chicago Tribune! Based on surveys of our colleagues, we ranked an impressive second in the midsize company category for 2024. Congrats and thank you to our entire team for helping build an amazing culture and a great company. #WorkplaceAwards #InsuranceCareers #Careers #TopWorkplaces

As GLP-1 weight loss medications continue to gain popularity, many employers are reevaluating their healthcare benefits strategies. Visit our blog post to explore the benefits, risks, and opportunities presented by incorporating GLP-1 weight loss medications into employer-sponsored health plans. #GLP1 #weightloss #GLP1medications #healthinsurance #healthbenefits

On this Veterans Day, we honor the brave individuals who have selflessly served our country. Thank you for your unwavering dedication and the sacrifices you have made. #veteransday2024

Member-companies in the group captives we support have the opportunity to lower their insurance rates by proactively controlling their losses. Visit the case study below to learn how one heavy civil contractor utilized the group captive model to significantly reduce their costs. ?? https://lnkd.in/gzvSDV9F #riskcontrol #captiveinsurance #workplacesafety #safetyresources #groupcaptives?

We're thrilled to announce that Captive Resources has been ranked No. 2 on Business Insurance's Best Places to Work in Insurance list! This marks our eighth year on the list and our seventh year in the top 10. We're incredibly proud of this recognition because it's based on feedback from our fantastic team. Thanks to all our colleagues for making Captive Resources an exceptional place to work! #BestPlacestoWork #BestPlacestoWorkinInsurance #CaptiveResources #InsuranceCareers #WorkplaceAwards #Careers https://lnkd.in/gA_B-MHW

Specialty drug costs are a major concern for most employers. According to Mercer data, these medications account for only 2% of utilization but a staggering 48% of pharmacy spending. Furthermore, the costs of specialty drugs are projected to continue rising rapidly. In our recent Health Risk Management webinar, Captive Resources’ Kelly Garrett discussed alternative prescription drug sourcing and cost containment solutions employers can utilize to reduce pharmacy spending. Read the recap below. ?? #healthcare #specialtydrugs #medicalstoploss #groupcaptives

Ever feel like your insurance program has been cursed by a little hocus pocus? ?? Let us help! The group captives we support afford their members the opportunity to take ownership of their insurance programs. The Sanderson Sisters don’t stand a chance against our booooooooooook of risk management resources and solutions. Happy Halloween!??? #happyhalloween #halloween