In this episode of the ShiftShapers Podcast, host and Chief Transformation Strategist David Saltzman is joined by Jim Hoitt, Senior Vice President at Captive Division at Berkeley Accident & Health.
Jim shares his in-depth knowledge and insights into the world of captives and discusses its two models and the nature of each. He also takes a deep dive into the kinds of companies that benefit the most from a captive, from their shared goals to the ideal company size to their financial commitments.
But Jim also discusses the major plus sides to the arrangement which include providing the best healthcare for companies at a lower cost, absorbing losses and mitigating risk factors to help ensure success across models. He also explains the key role an adviser plays in all of this and how the ultimate goal is to provide guidance and filter the best-fit companies.
SPONSOR: ShiftShapers Strategies (www.shiftshapersstrategies.com)
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Paul Wilson
Paul Wilson is the editor-in-chief of BenefitsPRO Magazine and BenefitsPRO.com. He has covered the insurance industry for more than a decade, including stints at Retirement Advisor Magazine and ProducersWeb.
