FRS offers . . .
Independent underwriting services tailored to:
○ Captive insurance programs
~ Single parent (or pure) captives
~ Mid-market captives -- sometimes referred to as 831(b) captives
~ Group captives such as agency, industry, association, risk retention groups (RRGs), and pool captives
~ Special category captives such as series LLC, segregated cell, and segregated portfolio company captives
○ Self-insured group programs
○ Joint Powers Authorities (JPAs) insurance programs
Filling the outsourced needs of:
○ Corporations
○ Boards of directors -- captive insurance companies/self-insured groups/JPA
○ Program administrators
○ Captive management firms
○ CPA firms
○ Insurance brokers
Working on the following types of projects:
○ Pre-feasibility underwriting analysis/review -- Does a captive or self-insured approach make economic sense?
~ identification of potential areas of insurable risk
~ preliminary risk qualification/quantification
○ Feasibility underwriting analysis/review -- What are the risks suitable for the captive or self-insured plan to address and what would be applicable coverage terms and ranges in pricing?
~ in depth analysis and review of potential areas of risk
~ commercial insurance policy coverage analysis paying particular attention to limits/sublimits, deductibles and exclusions
~ examine non-traditional risks not currently covered by commercial insurance which might be insured in a captive or other self-insured facility
~ produce an underwriting report suitable to incorporate into actuarial feasibility or rate study
○ Self-audit examinations -- Is an existing captive or self-insured plan properly underwritten given current business climate, regulatory environment and claims experience?
~ analyze claims data and determine whether retained risk selection/pricing remain adequate
~ provide recommendations on potential adjustments and revisions to captive program or self-insured plans
○ Loss sensitive program analysis -- Does a current large deducible or SIR program (e.g. workers' compensation, general liability, auto liability, inland marine, professional liability, etc.) lend itself for treatment within a captive or other self-insured approach?
~ underwriting recommendations on potential structure
~ suggestions on available fronting carriers if necessary
~ guidance on reinsurance/excess insurance considerations
○ Underwriting guidelines - review and development -- Are underwriting guidelines suitable to ensure that a captive or self-insured plan will meet desired growth expectations while achieving long term solvency?
~ development of eligibility and qualification criteria
~ put forth suggested multi-year performance benchmarks
○ New/renewing underwriting quotations for group captive participants/self-insured group members
~ perform analysis and release individual quotations
~ perform renewal analysis/review of existing portfolio
○ Expert testimony on matters involving captive or self-insured plan underwriting