Blended Insurance Program

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Blended Insurance Program

Insurance that combines the profit-sharing and other advantages of finite insurance with the complete transfer of risk that comes with traditional insurance. It is also called an integrated insurance program.
References in periodicals archive ?
The programme, '360A Integrated Insurance Program for Small and Medium Enterprises (SME)', will provide full insurance solutions to business facilities' staff, said a statement from the company.
"Bill has been instrumental in integrating the marine package and liability insurance programs to help the combined company achieve approximately $40 million in synergy savings in reduced premium expense with the integrated insurance program."
The case for an integrated insurance program is made by Jeff Summerville of Zurich.
To solve this issue, she purchased an integrated insurance program that combined all of her lines of coverage into one policy that provided her with an annual per occurrence limit as well as a three-year term limit.
An integrated insurance program that combines all of these lines of coverage into one policy that provides an annual per-occurrence limit, as well as, say, a three year term limit (and perhaps aggregate stop protection) seems like an eminently sensible alternative.
"If your organization has a willingness to self-insure, finite insurance can increase your self-insured retentions." While tax and accounting regulations are trying to catch up, an integrated insurance program featuring both traditional and finite insurance can have advantages over a program comprising only traditional insurance.
Joo joins XL Catlin from Zurich Global Corporate where he was an underwriter and deal architect, developing a variety of insurance solutions including integrated insurance programs, risk financing and alternative risk transfer programs for large corporate clients.
Integrated insurance programs enable companies to secure highly customized coverage.
Integrated insurance programs also offer substantial stability, since coverage terms and pricing are set for a longer term.
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