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Alternative Risk Solutions

04 May 2009

Self Insurance increasingly popular

The popularity of self insurance or Alternative Risk Transfer (ART) is increasing amongst businessmen and companies on a world wide scale, because of the unique benefits it provides to clients.
The beauty of ART lies in the simplicity of the concept.

In brief, it works as follows:

  • A short term insurance company issues an ART-contract to the insured.
  • An account is opened for the client into which all premiums are paid and from where all claims are settled.
  • This experience account earns interest.
  • Claims are limited to funds in the experience account plus additional insurance amounts that was arranged with the insurance company.

Click on the link below for more information.

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