Alternative Risk Financing Facility

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Alternative Risk Financing Facility

An insurance company that provides a wide variety of products not otherwise available to its policyholders. While the products themselves are fairly standard, the policyholders of alternative risk financing facilities often cannot obtain them because policies are too expensive or because the individuals or companies involved cannot qualify as self-insurers. Most alternative risk financing facilities maintain their headquarters in Bermuda.
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Assist in risk exposure evaluation, and development and evaluation of traditional and alternative risk financing mechanisms, which may be beneficial to the OHA.
He has extensive experience with large complex accounts which utilized alternative risk financing programs such as retrospective rating plans, large deductible plans and captives.
Its audience also includes insurance brokers, agents, consultants, insurers, reinsurers, and others concerned with corporate insurance, risk management, alternative risk financing, employee benefits, workers compensation and reinsurance.
With 26,000 employees around the world, including over 1,000 in Australia, Marsh provides global risk management, risk consulting, insurance broking, alternative risk financing, and insurance program management services to a wide range of businesses, government entities, individuals and professional service organisations around the world in more than 100 countries.
The South Carolina agency utilizes both innovative and alternative risk financing methods in strategic planning for their clients.
An independent, partner-owned firm, Barney & Barney also offers value-added services in alternative risk financing, business continuity and loss control.
One of the most significant developments in risk management over the past 60 years has been the development of alternative risk financing and the resulting greater control organizations have in managing their cost of risk.
Business Insurance Europe" was a biweekly pan-European magazine for 15,000 commercial insurance, risk management and alternative risk financing professionals.
Hard insurance markets naturally drive increased interest in alternative risk financing methods.
Barbados' international insurance industry, which started 20 years ago with the passage of the Exempt Insurance Act, continues to demonstrate a business-friendly sensibility attractive to large and small captives," said Kate Westover, VP of Alternative Risk Financing Services for Innovative Captive Strategies.
If you've participated in a self-insurance group or other alternative risk financing vehicle, make sure you understand the program finances and are comfortable with its financial position.
In this hard insurance market, many people are looking at alternative risk financing such as captives, pooling entities, separate financing for claims-those are areas that before you hadn't had a strong hand in.
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