Atlas Insurance Agency, located in Hawaii, formed an agency captive called Atlas Elite Risk Management Group Insurance Company. The agency captive was licensed on June 2, 2017. An agency captive is a great way for an insurance agency to offer exclusive products to clients and increase its overall profitability.
Learn more about agency captives and the benefits they can provide below.
“This captive can now become another tool for our clients and interested Hawaii companies to use as part of a broader strategy to manage and finance their risk,” said Myles Murakami, president of Atlas Insurance Agency. “Companies who use a captive will have access to important information and data about their risks and components of their premium and will have an opportunity to play a role in its pricing and delivery.”
An agency captive allows you to create insurance programs that no one else has access to, setting you apart from your competitors. The programs can be agency-branded and bundled with your agency's other products and services. Agency captives are typically protected with aggregate loss protection, protecting the agency from catastrophic loss exposure.
To learn more about agency captives and how they can benefit your agency, contact us today.