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"Risk Management" is typically defined as the process of measuring, or assessing, risk and developing strategies to manage it.
Since 1988 Risk Management Services (RMS) has been developing comprehensive strategies to manage the risk portfolios of companies across the country. RMS can help develop customized alternative risk programs tailored to your organizations specific insurance needs, as well as, help maximize your organizations current risk management programs to increase profits and maintain the highest quality insurance coverage available.
RMS offers an experienced team of insurance professionals capable of a wide range of captive services for those interested in pursuing alternative insurance options.
- Consultation
- Development
- Management
Learn more about our captive services
Learn more about captive insurance
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Captive Facts:
There are nearly 5,000 captive insurers world-wide that account for approximately 8 percent or $38 billion of the world�s commercial insurance premiums.
Captive numbers grew significantly in the United States in 2006, with Arizona, Nevada and Utah posting growth that approached or topped 50 percent. With 1,251 licensed captives, the United States was the largest captive domicile in 2006.
Alternative market mechanisms cover 30 percent of the U.S. commercial market, with traditional insurance companies covering the remaining 70 percent.
Self-insurance is the leading form of alternative mechanisms, followed by captives. The two mechanisms account for 90 percent of the alternative market.
Source: www.iii.org
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