Group Captive Members are Safer than the Average Company
Companies in group captives supported by Captive Resources have a safer record than the average U.S. company. An independent actuarial analysis of 15 mature group captives proves it. The analysis compared these captives, which logged 1.5 billion work hours*, with national benchmarks. Three key metrics that emerged from the analysis underscore these captives' superior safety performance.
Across 15 mature group captives and 1.5 billion work hours, members had...
Fewer
fatalities
fewer
Lost-Time
Claims
fewer
Total WC
Claims
Industry Benchmarks
Member Performance
Expected Fatalities
Actual Fatalities
lives saved compared to industry benchmarks
Fatalities
48%
fewer fatalities
41
21
Lost Time Claims
fewer lost time claims
39%
8,635
Industry Benchmarks
5,281
Member Performance
Total WC Claims
fewer total WC Claims
22%
Industry Benchmarks = 25,667
Member Performance = 20,099
20
5,568
fewer WC claims
$153M
saved on lost time claims
48%
39%
22%
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* Independent actuarial analysis based on actual WC exposure and claims data of group captive member companies compared to national industry data from the Bureau of Labor Statistics. Average claims costs by type of injury from the National Council on Compensation Insurance were used to quantify the financial impact of the differences in claims frequency.
Across 15 mature group captives and 1.5 billion work hours, members had...
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