Evolve Captive

Empower your healthcare strategy with a self-insurance path that blends control, long-term savings, and shared risk—backed by a seamless onboarding process.

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

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Control Over Plan Design

Long-Term Savings

Potential Long-Term Savings

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Simplified Onboarding

Financial Stability

Enhanced Financial Stability

We Bring Unmatched Value to Our Clients

Brokers

We serve as strategic partners, providing more than just solutions:
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Direct Access to Underwriters:
Collaborate closely to deliver personalized solutions that fit each client’s specific needs, streamlining complex cases.
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Tailored, Fast Quotes:
Expedite client proposals with a quoting process that prioritizes speed and accuracy, enhancing your ability to secure new business.
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Reliable Coverage with Flexibility:
Offer clients a self-insurance option that adapts as their needs evolve, with predictable terms and shared risk features.

Employers

With Evolution Risk Partners, you’re equipped to:

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Predictable Healthcare Costs:
Shared risk and profit-sharing opportunities help stabilize your budget, even as healthcare needs change.
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Responsive Claims Support:

Our claims team provides dedicated support to ensure efficient processing and minimal disruptions.

 

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Flexible Contracts:
Tailored contract features, such as simplified onboarding and advanced funding, make managing healthcare coverage easier than ever.

Hear How We Deliver for Clients

As I have worked with Evolution Risk Partners it is clear to me that they have found the perfect balance between thoughtful solid underwriting and creativity that is needed to find the solutions for all of my self-funded accounts.
Broker Partner
The Evolution Risk team has a high level of expertise coming from their multiple different backgrounds. They are wonderful to work with and just really great people.
Broker Partner
When questions arise or claims issues need to be addressed, ERP is prompt and effective in coming up with and enacting a solution that leaves all parties feeling positive about the interaction.
Broker Partner
I have a deep level of trust in the partnership that ERP brings to the table and I’m confident that for any of my clients that we place with Evolution that they are in good hands.
Broker Partner

Frequently Asked Questions

What is a captive, and how does it work?

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.

Why choose Evolve Captive over traditional insurance?
Evolve Captive provides more flexibility and potential cost savings than traditional insurance by allowing employers to control their plan design and retain unspent premiums. It also offers the added security of shared risk.
How quickly can we set up an Evolve Captive arrangement?
Our streamlined onboarding process ensures that you can transition to a captive arrangement efficiently, with minimal paperwork and a quick setup time.

Secure your Future With Evolve Captive

Take the next step towards a smarter healthcare strategy. Contact us today to explore how Evolve Captive can provide your organization with cost-effective, flexible coverage that evolves with your needs.