SOLUTIONS | RISK + RECOVERY
Affinity
Sedgwick can give you a new outlook. As your outsourcing partner, we will manage your day-to-day claims business while you look ahead to your future program success.
What we do
An alternative risk or affinity program offers greater control over your insurance program and more financial benefits than traditional insurance options. Sedgwick can create custom programs and deliver profitable results.
With more than 50 years of experience in the industry, Sedgwick has become the premier provider of alternative and program affinity solutions and is proud to be the #1 program business third party claims administrator.
We provide solutions for a variety of client types, including program business, risk retention and carrier groups.
Benefits of outsourcing
An alternative risk or program business model often offers greater control over market fluctuations and more financial benefits than traditional insurance options. With a partner like Sedgwick, we can offer greater stability and impact over your claims program.
Your clients want help to control the cost of their claims, effectively manage losses and improve their bottom line. As the premier provider of claims administration and supporting services in the affinity space we’ve earned the trust and respect from more than 100 carriers and partner with over 100 MGAs.
Expert adjusters
Our adjusters are among the most knowledgeable in the industry and they understand the best closure and settlement approach. Our team has:
- An average of 16 years of experience
- The ability to effectively meet the communication needs of all parties involved in the program
- Specific experience with alternative risk and affinity programs
Uniquely focused
Sedgwick is one of the few claims companies with a dedicated alternative risk and program business division. We offer a flexible and customizable approach — access any of our individual services or have the benefit of bundling many of them together. No matter what combination of services your clients choose, we deliver results that matter:
- Underwriting profitability
- Strong member retention
- New business growth
- Scalability
- Strong technical expertise
Specialties
With affinity programs, your clients’ dollars are on the line. Because we understand that strong results are critical, Sedgwick provides an unparalleled, additional level of oversight on our alternative risk business that includes:
- A dedicated client services team that offers claims oversight on all our business
- Development of a detailed client service plan with special account instructions
- Ability to provide underwriting reports to highlight program profitability and growth opportunities
- Captive-specific metrics such as loss ratio reports, loss triangles, reserve development and variance reports
In addition to our superior claims handling, Sedgwick can offer other services to affinity clients including:
- Safety and loss control
- Premium audit services
- Underwriting and program management
- Access to fronting and reinsurance carriers
Superior suite of services
The key to a successful program is managing the cost of risk and especially the cost of claims. As the largest and most experienced third party administrator, Sedgwick understands the specific challenges our carrier, captive and program administrative partners face, in the following areas:
- Auto and general liability
- Property
- Workers’ compensation
- Professional liability
- Marine, energy and aviation
- Cyber liability
Solutions for success
Sedgwick has the experience and knowledge to create programs and deliver profitable results. By partnering with us, you can access any of our individual services and capabilities or have the benefit of bundling many of them together with one provider.
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