For many corporations, the use of a self-insured retention or a captive insurance company is an essential part of their risk management strategy. While these strategies provide insureds with proven benefits, there is still a need for related administration and services. Fronting services combine fronting with established value underwriting, quality claims management and risk control services to help minimize a corporation's total cost.
Admitted Paper: policy from a locally licensed insurance carrier, often used for local premium payment and funds flow
Regulation/Compliance: compliance with local regulations, requiring local policies
Support services: underwriting/pricing, risk control, claims handling
Contractual: support lending and or other agreements that require proof of local licensed insurance
Global capability: provide local country licensed policies to support multinational programs
Seamless experience for brokers and insures via a single point of contact involving virtually all lines of business
Access to services in over 100 countries via Liberty Mutual Group offices or its strategic partners
Self Insured Retention (S.I.R.) programs: Companies wishing to retain insurance risk and losses, which are funded via their cash flow. This reduces risk transfer costs.
Captive programs: Companies with offshore insurance companies of their own wishing to retain insurance risk and losses by transfer this risk/losses to their offshore entity. Assists in reducing risk transfer costs.
Global Placements: Companies looking to place insurance for operations located in other jurisdictions to ensure compliance with regulation and local premium payment and funds flow purposes.