Track: Risk Management

Alternative Risk Insurance Programs: The Economics of Group Captives

Monday, October 20, 2008
1:30 p.m. - 3:00 p.m.
Room: 518

Insurance risk managers need to consider programs that are comprehensive. This session will cover alternative risk insurance programs focused on the economics of group captives. We will discuss a case study describing the benefits of an alternative structure realized by Modern Builders Supply, Inc.

Speakers:

• G. Taylor Evans, III, CTP, CPA
  Chief Financial Officer and Treasurer
  Modern Builders Supply, Inc.

• Mary W. Wray
  Senior Vice President, Managing Director, Willis Pooling Practice
  Willis North America

Objectives

• Learn the basics of alternative insurance programs including high deductible, self insurance, and group captives
• Discover how captives work from funding to equity distributions
• Understand the economics of group captives relative to traditional insurance programs

Pre-Requisites

• Basic understanding of insurance
• Interest in alternative risk insurance programs

Take-Aways

• Ideal captive member profile
• Outline of captive member commitments

CPA Field of Study: MAS