Program business feels alternative market's lure
Article Abstract:
Major portions of program business are operated by rental captive companies, risk purchasing groups and profit center group captive companies. Small and middle market commercial accounts have entered the alternative market which was previously the domain of large volume companies that could administer sophisticated self-insurance programs through major investments of capital. Organizations that want greater underwriting control and claims management have also entered the alternative market.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Alternative markets: attracting wider following
Article Abstract:
The greatest growth in the property and casualty insurance is being experienced by the alternative markets. Captive insurance companies, risk retention groups and self-insurance are part of the alternative market. Methods of self-insurance include qualified self insuracne and self insuracne pools and trusts. The alternative market grew by from a 35.3% market share in 1990 to a 43.7% market share in 1995, while premium volume increased from $66 billion to $104 billion in the same period.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Alternatives devour a primary marketplace
Article Abstract:
The self-insurance market has grown to become a major threat to traditional property/casualty insurance business. In 1991, alternative insurance was estimated at 30% of the market, or the equivalent of $50 billion in annual premiums. Some estimates for 1993 indicate the market has grown to over $80 billion in premiums. Primary insurers need to realize the direction the market is heading and capitalize on those areas where alternative insurance is less appropriate, including property.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Today's managed care market: benchmark results for medical care guidelines, part II. Today's managed care market: utilizing quantitative data to understand asthma treatment patterns
- Abstracts: Group term life insurance benefits: a forgotten planning tool. Planning for globalization of employee benefits: is there "harmony" or a "GAAP" in the future?
- Abstracts: Today's managed care market. Today's managed care market: characteristics needed for vertically integrated health systems to deliver efficient medical services
- Abstracts: Euro: a four-letter word for expensive. The insurance market opens wider in Poland. NAIC holds first open budget meeting
- Abstracts: Become an ambassador for managed care. Employers take a bite of managed dental care. Dividing the information highway: some insurers are reserving their cyberspace efforts only for top producers