Services
Concordis is solely dedicated to providing member owned group captive and alternative risk financing solutions to companies throughout North America. We focus on the middle market because there is a shortage of expertise and properly designed alternative risk insurance products that can give middle market companies the edge that has been enjoyed by the Fortune 1000 and top global companies for decades. Large corporations know that trading dollars with insurance companies and “playing” the insurance market cycles can be very volatile, and generally is not good for business.
Most companies have to buy insurance; Concordis wants mid-sized companies that are interested in financing their insurance risk and are attracted to:
- Lowering insurance costs by eliminating “class underwriting”, while retaining underwriting profits and investment income
- Stabilizing premiums while providing better control of all services and costs
- Utilizing a long-term solution that works in hard and soft insurance markets
- Benefiting from custom claims handling, risk management, loss control services, and financial reports
- Increasing market leverage
Concordis has created a group captive model that is designed to minimize volatility to the member insureds while creating optimal returns on their investment. Concordis group captives are a far cry from self-insurance. They are well-designed member owned reinsurance companies that are written on A+ or A rated licensed insurance company paper. Concordis captives allow for the individual members to profit from controlling their predictable claims. The plans are designed to minimize volatility due to large claims or the unpredictable frequency of smaller claims. All plans are custom designed for each prospective insured according to their own claims experience and underwriting exposures.
We pride ourselves on being very easy to work with and we try to make it as simple as possible for our brokers and insureds to use our products and services. We don’t waste our client’s valuable time and quickly and honestly assess potential captive members. Concordis works exclusively with select insurance brokers and agents in the United States. We believe strongly in the value of the broker/client relationship and believe that the brokers are essential in helping the insured captive members manage their investment. Collaborative efforts on the part of the broker, client, and Concordis working as a team provide successful results for all.
Services
Our alternative risk financing programs include:
- Self Insurance Trust
- Risk Retention Groups
- Single-Parent Captives
- Feasibility Studies
- Cash Flow Analysis