Evolve Captive
What Is Evolve Captive?
Evolve Captive is a straightforward approach to self-insurance, providing employers the opportunity to manage healthcare costs while sharing risks with other captive participants. This model offers the potential for long-term savings through retained premiums and profit-sharing based on favorable claims experience. Evolution Risk Partners makes the transition to a captive arrangement seamless, with an expedited onboarding process that simplifies setup.
Features include:
- Shared Risk with Captive Participants: Pooling risk with other members enhances financial protection and stability.
- Effortless Onboarding: Experience a frictionless setup process that gets you self-insured quickly without the paperwork hassles that often come with setting up a captive.
Who Should Consider Our Captive Solutions?
Evolve Captive is ideal for organizations and brokers seeking a more flexible and controlled approach to healthcare coverage:
- Employers with 25 to 10,000 employees looking for a cost-effective alternative to traditional insurance while retaining more control over plan design.
- Brokers who want to provide clients with a simplified path to self-insurance that balances cost savings with robust financial protection.
- Companies interested in shared risk for enhanced stability and financial predictability, particularly those transitioning to self-funding for the first time.
Key Benefits of Evolve Captive
Control Over Plan Design
Potential Long-Term Savings
Simplified Onboarding
Enhanced Financial Stability
We Bring Unmatched Value to Our Clients
Brokers
Direct Access to Underwriters:
Tailored, Fast Quotes:
Reliable Coverage with Flexibility:
Employers
With Evolution Risk Partners, you’re equipped to:
Predictable Healthcare Costs:
Responsive Claims Support:
Our claims team provides dedicated support to ensure efficient processing and minimal disruptions.
Flexible Contracts:
Hear How We Deliver for Clients
Broker Partner
Broker Partner
Broker Partner
Broker Partner
Frequently Asked Questions
A captive is a self-insurance arrangement where employers share the risk of high-cost claims across a group. Each participant pays a premium, which is pooled to cover large claims, offering the potential for profit-sharing based on claims performance.