FCC Services
Empowering the Captive Insurance Market

In a typical scenario, an organization looks to outsource their insurance needs to an insurer who in return, provides risk coverage at the cost of yearly premiums. The premium insurers receive from these organizations is distributed to reinsurance companies, so that the risk coverage does not concentrate on a single insurer. Such insurers are known as captive insurance companies that have complete control over risk management, policy formulation, and premium negotiations. With over 40 years of experience, FCC Services is delivering services for captive insurance and alternative risk management services. FCC Services caters to group captive insurance companies, single-parent captives, and pool captive insurances. With a lot of enthusiasm over the possibilities the captive market is opening up to, Scott Binder, CEO and President of FCC Services quotes, “I am intrigued with what is possible.”

Using FCC Services’ captive insurance offerings, organizations can access the reinsurance market directly at a flexible rate, rather than buying on retail terms. Organizations have complete control over the formulation of the insurance coverage. The premiums paid to FCC Services for captive insurance can be looked upon as an investment and surplus to help the client in times of dire needs. Another reason for organizations to look into FCC Services’ captive market is that it allows the insurance company to operate in alien legislation, where the tax laws are more relaxed and friendly. FCC Services has some of the leading experts and professionals to develop and manage all aspects of the organizations captive and alternative risk management program.

In a risk management assessment, FCC Services reviews all types of financial and operational risks, including contract reviews, operational reviews, fire prevention, unsafe work conditions, fleet management, and maintenance. Using this assessment FCC Services can recommend, market, and implement alternative financing arrangements that fit into the organization’s risk management needs. The downside of captive management can be complex compliance issues along with the cost of hiring extra personnel.

With over 40 years of experience, FCC Services is delivering services for captive insurance and alternative risk management services

Since its establishment in 1975, FCC Services has been providing risk management solutions to top companies of the world. The reason behind FCC Services’ expert insights and objectivity, is its omnipresence in various other insurance-related operations. FCC Services has been expanding its activities since its establishment by introducing leadership development and management programs, diversifying its programs and clients. This aids in growing the organization and provide insights to the team of FCC Services.

FCC Services helps organizations manage their claims by providing them with claim management service with the help of third-party administration (TPA) tools and software. Having an experienced representative to process an organization’s claims can save time and resources. FCC Services offers a dedicated and responsive team of experts who are experienced and result oriented. This team ensures that every claim reaches a fair and equitable outcome. Their claim management service also includes claims audit services that documents, preserves, maintains, and manages the entire procedure.

FCC Services’ industry-specific insight, objectivity and experience is second to none and provides connections to industry experts and consultants. Through close collaboration with clients and partners, FCC Services’ consultants and associates apply years of knowledge and expertise to meet clients’ needs. FCC Services has enhanced its risk management and Insurance Services (RMIS) team over the last few years, showcasing the desire of always staying ahead in the Captive Insurance and alternative risk management sector.