Risk Management Advisors

?? How do insurance companies prepare for claims that haven’t even been reported yet? That’s where IBNR (Incurred But Not Reported) reserves come in. ?? What is IBNR? ?? Why do insurers set aside money for unknown claims? ?? How does this impact your captive insurance company? This concept is critical to maintaining financial stability in the face of uncertainty. Learn how it works in this quick breakdown. ?? Watch now: https://lnkd.in/gRcmNVvG ?? Connect with our expert guest: https://lnkd.in/gygT9DSZ #InsuranceIndustry #RiskManagement #Finance #CaptiveInsurance

?? Are you putting your captive insurance company at risk by relying on a single policy? Having just one policy could mean financial disaster if a shock loss hits. The solution? Diversification. ?? In this clip, we break down: ? Why multiple policies help absorb financial hits ? How diversification prevents the need for constant capital injections ? A smarter approach to long-term captive insurance management Watch now to learn why spreading your risk is essential for sustainability. ?? Watch here: https://lnkd.in/gRcmNVvG ?? Connect with our expert guest: https://lnkd.in/gygT9DSZ #RiskManagement #CaptiveInsurance #Finance #BusinessStrategy

?? What happens when a worst-case scenario hits your captive insurance company? You plan for claims, but what if a massive unexpected loss occurs halfway through the year? Does the company have to inject more capital? Raise premiums? Rely on reinsurance? In this deep dive, we explore: ? Case reserves & IBNR: Understanding how insurers set aside funds for unknown claims ? Reinsurance strategies: How to manage large losses without destabilizing the company ? Risk diversification: Why having multiple policies can prevent financial disaster A must-watch for insurance professionals, risk managers, and business owners! ?? Watch here: https://lnkd.in/gRcmNVvG ?? Connect with our expert guest: https://lnkd.in/gygT9DSZ #Insurance #RiskManagement #CaptiveInsurance #BusinessFinance

Did you know that pricing and reserving are two completely different sides of insurance? ?? ?? Pricing looks forward, estimating future costs. ?? Reserving looks back, ensuring enough money is set aside for liabilities. Business owners unfamiliar with highly regulated industries may be shocked by just how much oversight is required. This clip breaks down why reserves are critical to an insurance company's success. ?? Watch the full video here: https://lnkd.in/gks_YtYH #Insurance #Finance #CaptiveInsurance #Regulations

How do you know if your captive insurance company will stand the test of time? ? A feasibility study isn’t just a checkbox—it’s a stress test for survival. From financial projections to worst-case scenarios, this analysis ensures a captive has the right pricing, risk distribution, and capital reserves to last. ?? Learn how a 5-year survival analysis helps prevent costly mistakes. ?? Watch now: https://lnkd.in/gks_YtYH #CaptiveInsurance #RiskManagement #BusinessFinance #FeasibilityStudy

?? What makes an insurance captive truly feasible? Before an actuary even steps in, a feasibility study is already shaping the foundation. From underwriting risks to regulatory approval, every step matters. This deep dive explores: ? The crucial pre-actuarial considerations ? How regulators assess long-term sustainability ? The balance of pricing, risk transfer, and financial resilience If you’re in the insurance, finance, or business risk world, this is a must-watch! ?? ?? Watch now: https://lnkd.in/gks_YtYH #Insurance #CaptiveInsurance #RiskManagement #Finance #FeasibilityStudy

The reality of traditional insurance: ?? Healthcare costs rising 6-8% annually ?? Limited data visibility ?? Unpredictable premium increases The group captive difference: ? Return of unused premium! ? Transparent claims data ? Predictable long-term costs Let our group captive solution show you the numbers for your organization. Visit our website to request a custom analysis. https://lnkd.in/gDyyqvWn #HealthcareCosts #DataDriven

?? Why settle for one-size-fits-all insurance? Captive insurance lets business owners customize coverage based on their specific risks—covering what truly matters to them. Before the pandemic, some businesses were already covering viral and bacterial outbreaks through their captives. Discover how custom insurance policies are reshaping risk management by watching the full video: https://lnkd.in/gM8Dxtpm ?? Connect with our expert guest here: https://lnkd.in/gygT9DSZ #CaptiveInsurance #RiskManagement #CustomCoverage

?? How does risk assessment differ in captive insurance? Traditional insurers pool risk across thousands of businesses, while a captive insurance company tailors its pricing to a single business's unique exposures. This customized approach can be a game-changer in risk management. Learn how captives provide a more accurate and fair risk assessment by watching the video here: https://lnkd.in/gM8Dxtpm ?? Connect with our expert guest: https://lnkd.in/gygT9DSZ #CaptiveInsurance #RiskAnalysis #BusinessProtection

?? How are premiums determined in a captive insurance company? Captive insurance gives business owners more control over their coverage and pricing, unlike traditional insurers who spread risk over thousands of policies. In this in-depth conversation, actuarial expert Gordon Thompson and Risk Management Advisors’ Wes Sierk discuss: ? How exposures impact premium pricing ? The role of market benchmarks vs. custom coverage ? Why frequency & severity models matter in risk assessment This discussion is a must-watch for businesses exploring alternative risk solutions. Watch now! ?? https://lnkd.in/gM8Dxtpm ?? Connect with Gordon: https://lnkd.in/gygT9DSZ #CaptiveInsurance #RiskManagement #ActuarialScience #InsurancePricing