There are alternative risk management techniques that an organization can use in confronting their exposures to risk of loss. Self-insurance is one of those alternative risk management techniques that can be used. Basically this is where the organization retains...
A self insured plan (or "self funded" plan) is an arrangement whereby an employer assumes the risk and provides group health benefits directly to employees with its own funds. This is different from a fully insured plan where the employer...
Medium to Large size private-sector corporations are driving a trend toward more "self-insured" health plans, says a new report by the non-biased Employee Benefit Research Institute (EBRI). The cutoff size for companies achieving cost benefits from such pro active...
Self insurance is defined as setting aside funds to cover the insurance requirements of a business or organization. This is a viable method of self funding risk management, but it comes with some caveats, statutory obligations and a need...
To define the audit requirements of self insured organisations at all levels, it's necessary to detail the basic formats involved: OHS management system audits are conducted by regulators to determine the OHS performance capacity of an existing self insurer. ...
If you represent an organisation, consider self-insurance as an option. Self-insurance can be a hugely beneficial setup for an organisation, but it does require a structured management system and a clear understanding of the knowledge base that is needed....
It is no secret that insurance companies, like every other company, have operating expenses and the desire to earn a profit. Most insurance companies have "expense ratios" of around 30-35%, claim handling expenses of 10% or so, and would...

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