Sedgwick, a global provider of technology-enabled risk, claims and business solutions, has launched its new Carrier and Captive Solutions entity, designed to manage claims complexity, improve performance and support long-term growth.
Risk is shifting faster than traditional insurance can keep pace. While carriers remain the backbone of the industry, more buyers are turning to captives, MGAs and MGUs for greater control over costs and outcomes. Sedgwick said the new offering expands its capabilities to support these organisations.
The new service is a purpose-built, scalable operating model for carriers and alternative risk takers, including delegated authority and programme administrators.
Jason Rogers will lead the offering as Managing Director, Carrier and Captive Solutions. He is supported by more than 1,000 dedicated professionals, including adjusters, client service teams, data and analytics resources, and a purpose-built operational infrastructure.
Compared with select third-party administrators (TPAs), Sedgwick achieves 5% lower cost per claim, 12% higher closure rates and 46% fewer high-severity claims across workers’ compensation, auto liability and general liability programmes when clients fully leverage its integrated claims, technology, analytics and risk management capabilities.
Rogers said, “The industry has shifted. Capacity is increasingly viewed as a commodity, while operational execution has become the true differentiator.
“The organisations that win will be those that can manage risk more effectively, leverage data more strategically and deliver a better experience for their stakeholders.”
Emily Fink, President, Growth Markets, who oversees the new practice, added, “Sedgwick offers a broad range of solutions designed to help carriers, captives and MGAs/MGUs manage claims complexity, improve performance, control costs, and support long-term growth.
“With the industry’s largest team of dedicated professionals, a claims dataset five times larger than that of the nearest competitor, and trusted strategic partnerships with more than 130 carriers, we can provide a level of depth this market hasn’t had before.”
Sedgwick’s Carrier and Captive Solutions combines workers’ compensation expertise across all 50 states and is part of an organisation handling 1.2 million liability claims annually.
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