Some of the nation's largest employers have for years formed captive insurance companies to reduce the risk and cost of employee health benefits. Now that strategy is becoming more popular among smaller and medium-size.

"People don't realize just how big this business is," said George O'Donnell, technical director of the health and employee benefits risk management unit at Aon Risk Solutions in New York.

It's big enough that there are more than 6,000 captives worldwide, up from 1,000 in 1981. The Self Insurance Institute of America held a panel discussion on the topic at its recent national conference in Chicago.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.