Risk management consultants analyze a company's business practices and determine what different risk treatments are needed to protect the company from losses.
This category is for companies that offer risk management services to businesses. They do not sell insurance, but they help companies determine if they have the correct amount of insurance or other risk treatments.
If your company markets insurance products, please submit your site to the appropriate subcategory of Agents and Marketers.
Captive insurance is somewhat like a self-owned insurance company. It is established as part of a complex risk management strategy in the long-term hope of saving money. However, the company establishing a captive gains responsibility for accounting and reserves that it would not worry about if it had purchased insurance commercially.
Captive schemes typically involve reinsurance. For example, the company may accept a million dollars in risk annually, but pay a reinsurer to cover losses beyond that point.
Please submit sites relating to captive insurance.
Public and non-profit entities will sometimes establish risk pools as an alternative to purchasing commercial insurance. Another kind of pool is when a state or a province mandates that insurers will offer a certain kind of insurance, such as to high-risk drivers.