Alternative Risk Financing & National Accounts

“What's @ Risk” airs every Saturday night from 11pm to midnight on WBZ and WBZ.com. The show revolves around commentary, discussions and interviews along with topical sound bites, comedy, and great music.

Hosted by Mike Christian, CEO of Risk Strategies Company (RSC) there is often an aspect of risk incorporated into most discussions. RSC is an insurance and risk management organization. The overriding theme of the show educates listeners and finds the opportunity in risk. And it's just plain informative & fun.

Risk Strategies Company has long been noted for its alternative risk capabilities. Since its early days as a risk management consultant, RSC has been focused on the alternative market. From captives to self-insured trusts to high deductible plans, RSC has significant understanding and proficiency in structuring and managing alternative risk financing plans.

Utilizing its documented analytical process, RSC determines the true impact and cost of its clients' losses and then develops alternatives for financing those losses. RSC's analytical process includes an analysis of all prior claims and exposures, reserve analysis, ultimate loss projection, retention analysis, accrual report, and cash flow projections. Through this rigorous process, RSC is able to determine ranges of ultimate costs for the various types of claims that its clients experience. Armed with this information, the client can make a considered decision regarding the way it finances these loss costs.

In addition to the financial analysis, RSC also takes their clients through a risk financing feasibility study to ensure that all aspects of the client's business are considered when deciding the most efficient way to finance their risks. Factors such as credit agreements, loan covenants, balance sheet implications, tax considerations, management's appetite for risk, and cash flow are factored into any risk financing decision.

Alternatives for financing losses include guaranteed cost insurance, high deductible plans, self-insured retentions, captives & rent-a-captives, self-insured trusts, retrospective ratings plans, and other variation on these themes. With an understanding of the financial implications of the claims, RSC can guide a client through the decision-making process by running analytical and cash flow models that assume the same ultimate losses with each risk financing alternative. By comparing the various plans on a discounted basis, the client can make an informed decision on what plan or combination of plans best suits their particular situation.