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Risk Retention Managers
Risk Retention Managers, a division of RiskWise, provides program development, placement, activation and monitoring of the alternative risk transfer mechanisms for:
- Captives (rental and single parent)
- Risk Purchasing Groups
- Self Insured Funds/Groups/Trust
- Large Deductible Programs
- Self Insured Retentions (SIR’s)
To ensure the program lowers the cost of risk to the lowest possible point we provide professional risk management services to deliver:
- Program Definition and Development
- Business Plan Preparation
- Actuarial Analysis of Loss Data
- Market Submission and Placement of Facility
- Reinsurance and Excess Placement
- Underwriting
- Third Party Administration of Claims
- Loss Control/ Safety Engineering (national network of safety professionals)
- Final Premium Audit Services
- Regulatory Compliance
Over 40% of all premiums spent for Property and Casualty coverage (risk financing) is in an alternative risk transfer mechanism and this market segment continues to grow.
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