Self-insurance

Amwins Launches Excess Wildfire Product for California Residential Properties

Retrieved on: 
Tuesday, April 4, 2023
AM Best, Partnership, Wildfire, Policy, P&C, Appetite, SIR, Disaster, California Fair Employment and Housing Act of 1959, Data analysis, Climate change, Risk, Algorithm, Superior, Self-insurance, Weather, Environment, Home insurance, Reinsurance, Kettle

This product is written in partnership with AM Best, A+ (Superior) rated PartnerRe Insurance Solutions Bermuda Ltd. who is providing excess wildfire coverage.

Key Points: 
  • This product is written in partnership with AM Best, A+ (Superior) rated PartnerRe Insurance Solutions Bermuda Ltd. who is providing excess wildfire coverage.
  • Amwins' excess wildfire product is available in California only and to Amwins appointed retail partners exclusively.
  • This single-peril product is specific to wildfire loss, providing up to $7 million excess wildfire coverage for residential dwellings with replacement costs of up to $20 million.
  • Over the past decade, California has experienced a series of devastating wildfire losses that have particularly impacted high-value residential properties, creating a perfect storm of vulnerability.

AM Best to Present Captive Trend Analysis at 2022 Asian Captive Conference

Retrieved on: 
Monday, August 15, 2022
Banking, Professional Services, Insurance, Finance, Labuan International Business and Financial Centre, Association, Credit, Risk, Industry, ALL, Financial centre, Self-insurance, COVID-19, MYT, Evergreen USA RRG, Data, AM Best, News, Growth, Insurance, Conference, Way Forward

AM Best will participate in the annual Asian Captive Conference, which will take place on Thursday, 18 August 2022, in Kuala Lumpur, Malaysia.

Key Points: 
  • AM Best will participate in the annual Asian Captive Conference, which will take place on Thursday, 18 August 2022, in Kuala Lumpur, Malaysia.
  • The Asian Captive Conference is hosted jointly by the Labuan International Insurance Association and the Labuan International Business and Financial Centre, and is dedicated to the development of self-insurance in the region.
  • Ltd.
    For more information about the Asian Captive Conference, which will take place at the Sime Darby Convention Centre, please visit the event page and agenda .
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .

MedVision, Inc. Acquires Complete Health Systems, LC

Retrieved on: 
Thursday, January 6, 2022
CHS, CMS, MSO, Acquisition, Disability, TPA, Self-insurance, Environment, Organization, Company, Information technology, NatWest, Ipas, PHO, Employment, Automation, SCAN Health Plan, Technology, Solution, Acos, Medicare, Third-party administrator, Health insurance

In tandem, the companies create a more advanced, comprehensive, and seamless approach in automation of the many departmental processes of health plan and benefit administration-oriented organizations.

Key Points: 
  • In tandem, the companies create a more advanced, comprehensive, and seamless approach in automation of the many departmental processes of health plan and benefit administration-oriented organizations.
  • Chacko Kurian, President of CHS, said "Since 1991, CHS has been providing their technology platform to administrators of self-funded health plans, both large and small.
  • Since inception in 1994, MedVision has created sophisticated and multifunctional application healthcare solutions that are designed to handle diverse operational structuresmanaging complete end-to-end workflow for delegated Risk-Based Organizations (RBOs).
  • Since 1991, Complete Health Systems, LC, "CHS", has provided information technology and health plan technology solutions for Health Plan Benefit Administrators.

Captive insurance to be a primary focus in Labuan IBFC's 5-year strategic roadmap

Retrieved on: 
Friday, December 3, 2021
Insurance, PCCS, European, Conference, Industry, PCC, Labuan International Business and Financial Centre, Ministry of Finance (Malaysia), Compliance, Islam, Leadership, Risk management, Solution, Ministry, ACC, COVID-19, Legislation, Twitter, Risk, Traction, Efficiency, Financial centre, LinkedIn, Self-insurance, Facebook, Growth, Bank

KUALA LUMPUR, Malaysia, Dec. 3, 2021 /PRNewswire/ -- Labuan International Business and Financial Centre (Labuan IBFC) continues to expand with increasing demand for its varying captive structures from across the globe, charting a 28% increase in its premiums for captive business and 18 new captives approved as at the third quarter of 2021.

Key Points: 
  • "At the same time, the Labuan captive business model which utilises protected cell companies (PCCs) has gained traction as a cost-effective method of operating captives.
  • To date, there are approximately 7,000 captive insurance companies set up globally that enjoy this benefit.
  • Established in 1990, Labuan IBFC is regulated by the Labuan Financial Services Authority (Labuan FSA), statutory Regulator under the purview of the Ministry of Finance, Malaysia.
  • To keep up with everything about Labuan IBFC, follow us on LinkedIn, Facebook or Twitter @LabuanIBFC.

Labuan IBFC Clinches Global Accolade For Top International Captive Domicile 2021 At The European Awards

Retrieved on: 
Wednesday, November 10, 2021
Compliance, Industry, European, CEO, Ministry, PCCS, Insurance, Financial centre, Facebook, Ministry of Finance (Malaysia), IBFC, MENA, Twitter, Self-insurance, Conference, Risk management, LinkedIn, Solution, PCC, Islam, Risk, Bank

KUALA LUMPUR, Malaysia, Nov. 10, 2021 /PRNewswire/ -- Labuan International Business and Financial Centre (Labuan IBFC) has been honoured as the winner for International Captive Domicile of 2021 at the European Captive Review Awards held in Luxembourg by leading global trade publication, Captive Review.

Key Points: 
  • Growth in European-based risk owners using cell captives in the domicile, along with continued growth in self-insurance incorporations, being the key success factors
    KUALA LUMPUR, Malaysia, Nov. 10,2021 /PRNewswire/ --Labuan International Business and Financial Centre (Labuan IBFC) has been honoured as the winner for International Captive Domicile of 2021 at the European Captive Review Awards held in Luxembourg by leading global trade publication, Captive Review.
  • "Labuan IBFC's captive insurance business has continued its upward trajectory in 2021.
  • This is the first time the jurisdiction has won the Top International Captive Domicile award at the European Captive Review Awards, having previously won the Best Asian Domicile for three years running at the Asian Captive Review Awards.
  • Labuan International Business and Financial Centre (Labuan IBFC), Malaysia, through our internationally recognised yet business-friendly legal framework, is the preferred international business and financial centre in Asia.

Foundation for Chiropractic Progress Article on Broadening Primary Care Opportunities to Include a Doctor of Chiropractic Featured in The Self-Insurer

Retrieved on: 
Wednesday, October 13, 2021
National Safety Council, Human, Headache, Awareness, Self-insurance, Risk, Workplace, Foundation, Job, UnitedHealth Group, Absenteeism, Movement, Neck, Low back pain, Multimedia, Back pain, Patient, NSC, Injury, Internal medicine, Employment, Benzodiazepine, SAN, Chiropractic, Therapy, Health, MD, McAllister, Pharmaceutical industry, Health insurance, Healthcare

SAN JOSE, Calif., Oct. 13, 2021 /PRNewswire/ -- A thought leadership article about reducing healthcare costs by expanding primary care opportunities to include a doctor of chiropractic (DC) was featured in the October issue of The Self-Insurer, the world's leading alternative risk transfer journal and the official publication of the Self-Insurance Institute of America. The article was contributed by the Foundation for Chiropractic Progress (F4CP) and marks the first time an article by the not-for-profit organization was published in the outlet.

Key Points: 
  • The article was contributed by the Foundation for Chiropractic Progress (F4CP) and marks the first time an article by the not-for-profit organization was published in the outlet.
    "
  • Dr. McAllister illustrates the benefits of DCs as primary care doctors, particularly to self-insured employers, who must pay healthcare bills for their employees.
  • Chiropractic care can also help employees avoid surgery, which would result in significantly more time away from the job.
  • "By broadening the definition of a primary care doctor, as our article encourages, self-insured employers can experience lower healthcare costs, improved productivity and happier, more engaged employees."

Great Bear Completes Phase 1 Grid Drilling to 450 m Depth at LP Fault: 440 Holes, 222,500 m Drilled Since May 2019 Discovery

Retrieved on: 
Wednesday, July 28, 2021
Science and technology, Technology, Articles, Oil well, Drilling, Borehole, Drill

Chris Taylor, President and CEO of Great Bear said, "We have now completed 440 drill holes at the LP Fault, and our Phase 1 drill grid is substantially complete to an average 450 metres depth along over 4 kilometres of strike length.

Key Points: 
  • Chris Taylor, President and CEO of Great Bear said, "We have now completed 440 drill holes at the LP Fault, and our Phase 1 drill grid is substantially complete to an average 450 metres depth along over 4 kilometres of strike length.
  • Great Bear has approximately $83 million in cash on hand and is funded through 2022.
  • In total, Great Bear has completed 630 drill holes totaling 283,000 metres into all gold zones since beginning drilling at the Dixie Project in summer 2017.
  • Great Bear Resources Ltd.is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration.

Hazelrigg Claims Management Services Merges with TRISTAR Insurance Group, Inc.

Retrieved on: 
Friday, March 5, 2021
Other Professional Services, Professional services, Insurance, Insurance, Risk pool, Self-insurance, Finance, Money, TRISTAR (www.tristarrisk.com), HCMS (www.hazelriggclaims.com

Hazelrigg Claims Management Services ( HCMS ) has merged with TRISTAR Insurance Group, Inc. ( TRISTAR ), the largest privately owned, independent third-party claims administrator in the United States.

Key Points: 
  • Hazelrigg Claims Management Services ( HCMS ) has merged with TRISTAR Insurance Group, Inc. ( TRISTAR ), the largest privately owned, independent third-party claims administrator in the United States.
  • TRISTAR and HCMS both have impressive reputations for quality customer service within the risk management community.
  • Tom Veale, President of TRISTAR, stated: "We are excited to have the Hazelrigg team join our firm.
  • Founded in 1987, TRISTAR provides excellent claims and risk management services to a variety of clients, including self-insureds, insurance carriers, program underwriters, public entities, and risk pools.

Reliance Standard announces new leadership and officer appointments at Matrix Absence Management

Retrieved on: 
Tuesday, November 17, 2020
Professional services, Insurance, Finance, Articles, Self insurance, Insurance, Management, Self-insurance, Matrix, Third-party administrator, Reliance Standard, Matrix Absence Management

Reliance Standard and Matrix Absence Management announced today that Mark Marsters has been named President of Matrix Absence Management.

Key Points: 
  • Reliance Standard and Matrix Absence Management announced today that Mark Marsters has been named President of Matrix Absence Management.
  • Mark additionally retains his role as Senior Vice President and Chief Operating Officer at Reliance Standard.
  • Matrix Absence Management a leading third-party administrator (TPA) managing insured and self-insured absence, disability and workers compensation programs.
  • Reliance Standard and Matrix Absence Management are members of the Tokio Marine Group.

Pharmacy Benefit Management Services in the US - 2020 Procurement Research Report - ResearchAndMarkets.com

Retrieved on: 
Tuesday, October 13, 2020
Health, Pharmaceutical, Health, Pharmacy benefit management, Self insurance, Specialty drugs, Prescription drug, PBM, Self-insurance, Pharmacy, Specialty pharmacy, Express Scripts

The "Pharmacy Benefit Management Services in the US - Procurement Research Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Pharmacy Benefit Management Services in the US - Procurement Research Report" report has been added to ResearchAndMarkets.com's offering.
  • This report is intended to assist buyers of pharmacy benefit management (PBM) services.
  • A PBM provider is a third-party company that manages the sale and distribution of government and employer-sponsored prescription drugs.
  • This report is intended for buyers with fully funded insurance and is not tailored to self-insured employers.