- Medical stop loss has been a significant driver of single parent and group captive formations
- Smaller insureds worse hit by hard market conditions of the past three years
- Strategic approach to risk financing and investor relations a common motivator
The proliferation in the use of captives in the SME space has been vast over the past few years, with rising medical-stop-loss costs being one of the key drivers of captive growth.
Prabal Lakhanpal, management consultant at Spring Consultant Group, told Captive Intelligence: “A captive medical stop loss programme is giving you the opportunity to pare back those costs. And I think that’s going to be a massive driver for folks looking at captives.
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