Alternative risk structures are a means through which organizations may capture the cash flow benefits of their own favorable loss experience. Additionally, they offer the possibility of reducing expenses, including insurer margin charges, which are typically incorporated within a traditional insurance program. The alternative insurance market offers organizations an opportunity to explore options that will allow them to manage risk, secure broad coverage terms, and efficiently transfer an identifiable exposure to loss.
Our medium to large healthcare organization services allow our clients to determine if an alternative risk structure is right for them. Our proprietary approach involves a formal plan to retain risk which would ordinarily be covered under a traditional insurance program. It is important to note that often times the decision to adopt an alternative risk structure evolves incrementally and can be modified to reflect changes in strategy over the short, medium, and long term. Choosing an alternative solution can be an effective financial tool for your organization.
The risk continuum diagram illustrates the alternatives available for medium to large organizations, each incorporating varying degrees of risk assumption.
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