Traditional insurance is not a one size fits all solution. Concordis Group, Inc. offers a variety of captive Insurance and alternative risk management products to address the risks faced by most small and mid-sized businesses. Insureds with low risk frequently are not rewarded by traditional insurance. For many of our corporate clients, traditional one size fits all insurance fails to adequately address their insurance and risk management needs in an efficient or affordable way. An industry innovator, Concordis Group, Inc. provides risk and financing alternatives, through our subsidiary Concordis Capital, for low risk employers who are currently using high-cost commercial insurance.
Concordis builds group and association captives, as well as stand-alone programs, designed to lower risks and improve premium savings. Concordis captive programs are designed to lower risk and provide premium savings for groups, associations and individual businesses. These customized programs lower administration costs, which Concordis passes along to its customers in the form of lower premiums, and allows greater flexibility in claims administration, policy structure, and reinsurance options.
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. A captive is an insurance subsidiary formed by a company to insure or reinsure the risk of its owners.
Captive insurance companies provide a wide array of advantages that vary considerably depending on the risk structure and appetite of the captive owner. Our professionals at Concordis Group will be pleased to assist with the preparation of the feasibility study and business plan customized to your unique needs.
Concordis believes in developing strong personal relationships with all of our customers and insurance industry partners. Our culture is to attract talented employees who believe that providing outstanding customer services to our clients is essential every day of the year. Working hard, providing value to our clients, demonstrating integrity in all of our interactions, and having fun while at it is the business environment we live in.