Concordis Group, Inc.

ALTERNATIVE

RISK MANAGEMENT

Changing The Way You

Look At Your

Business Insurance

In today’s economic climate, most every business is looking for solutions to lower their business expenses. One area that is being closely analyzed is insurance costs, especially by companies whose business insurance premiums are over $ 50,000 per year.

Simply stated, a captive is an insurance company that insures the risks of its owner, affiliated businesses or a group of companies. It issues policies, collects premiums and pays claims.

If companies don’t have an alternative risk management program in place, they may soon be in the minority. Insurance industry trends indicate that most small-to-mid-market businesses will implement a captive or alternative risk transfer strategy over the next few years.

For sophisticated companies, managing and financing corporate risk become important aspects of overall business strategy. Utilizing a captive insurance program is the premier risk management and risk financing tool.

Historically, large corporations have used alternative risk transfer strategies to reduce insurance cost, improve risk management and save taxes. These same benefits are now available to smaller companies, as well as groups and associations.

In recent years, the growth of captive insurance and related risk transfer mechanisms has boomed, driven by businesses seeking to better manage insurance needs, including cost, coverage, service and capacity. Over 40% of major U.S. corporations own one or more captives insurance companies.

Companies both large and small are having an increasingly difficult time finding and affording traditional insurance policies to cover their risks and assets. Premiums are increasing at a steady clip, making insurance coverage nearly cost prohibitive for most companies, leaving them vulnerable to catastrophic loss.

Some companies have risks that are difficult or impossible to cover. Increasingly, traditional insurance companies are setting up their credit rating structures without considering actual loss experience, but rather, trends in the market, making it difficult for many companies to qualify for coverage.

Another stumbling block for companies is that they might have insufficient credit for deductibles and exercise poor loss control, which in turn makes them ineligible for coverage.

Concordis Insurance SPC can provide your company, organization or association with all the benefits a captive offers. The opportunity is now.

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EQUITY PARTNER

The number one reason that a captive fails to launch is that the business owner does not have or cannot secure the necessary capital to fund the reserve. Concordis Capital, Inc. has eliminated this obstacle by becoming an equity partner in the captive. By funding or partially funding the captive cells, it gives the Company a unique value proposition and it ties the Company more closely to the client.

Going forward, the Company becomes more than just a consulting firm. It is part owner of the cell. This allows the Company to not only share in the cell's profits but also generate revenue by investing the reserve funds. Concordis Capital, Inc. will be able to generate additional market opportunities and recommend Concordis Insurance SPC when appropriate.

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