As healthcare evolves, its critical to understand alternative solutions for risk financing. Consider Inova® to form a workers' compensation or medical professional liability insurance program with a single-source, bundled alternative for complex and large exposures.
Inova provides a smart alternative to traditional insurance for large entities that desire a more customized risk financing approach. As an established Segregated Portfolio Company (SPC), Inova offers a fully bundled captive solution.
You may consider an Inova program if you are interested in assuming meaningful risk and meet the following criteria:
- Your current premiums exceed $1.5 million (primary coverage).
- You seek an alternative insurance solution for complex healthcare professional liability and/or workers’ compensation risks.
- You have an established risk management program and a single insurance “buying decision.”
- While you are interested in taking on risk, you desire a risk partner that can help support a sustainable program.
Inova’s alternative insurance solution—commonly referred to as captives, or “protected cells”—is part of an SPC structure. Assets and liabilities reside securely within your own cell, providing you with better control over insurance costs and outcomes. However, the broader SPC also enjoys economies of scale that can be leveraged more holistically.
Inova’s “soup to nuts” approach makes it easy to create, participate, and benefit from your own program:
- Fully bundled offering: Inova is vertically integrated, providing specialized expertise in program formation, underwriting, risk management, and claims administration.
- Strategic partnerships: Inova has structured, solid partnerships with globally respected reinsurance partners, as well as highly respected financial, investment, and audit firms.
- Alternative insurance expertise: Inova’s Eastern Re was the first SPC to be authorized by the Cayman Islands Monetary Authority. It also was the first SPC to be assigned a financial strength rating by AM Best Company.
You can be confident knowing that Inova’s SPC structure can help to mitigate fluctuations of traditional insurance pricing cycles—providing you with greater peace of mind.
