Global Captive Management (GCM) has unveiled a new solution called “Outcomes SPC.” This product offers companies a more cost-effective and streamlined way to enter the captive insurance market.
Outcomes SPC is designed especially for younger, smaller, or entrepreneurial firms that want greater control over their insurance coverage while benefiting from GCM’s industry expertise.
Lower Barrier to Entry for Entrepreneurial Companies
Alanna Trundle, President of GCM, explained the target market for Outcomes SPC. She said, “This solution is for companies considering a single-parent captive but seeking a lower barrier to entry. These companies are entrepreneurial, willing to take on risk, have strong loss control programs, see captives as a long-term investment, and desire premium stability.”
Difference Between Single-Parent Captives and SPCs
Traditionally, a single-parent captive means one company owns and runs its own insurance entity. That company handles all governance, costs, and compliance.
By contrast, segregated portfolio companies (SPCs) like Outcomes SPC operate within a shared framework. This structure provides cost savings while keeping each company’s assets and liabilities fully separate and independent.
GCM describes this model as similar to leasing office space instead of owning a building — companies share the overall structure but maintain their own separate operations.
Benefits of Outcomes SPC
Trundle highlighted several advantages of SPCs compared to independent captives:
Operational efficiencies
Lower government fees
Reduced capital requirements
She added that Outcomes SPCs offer flexibility. Each insurance program stays independent, allowing companies to customize coverage to their specific needs.
A Stepping Stone for Future Growth
Outcomes SPC can also serve as a starting point for companies new to captives. It allows them to gain experience in managing their insurance before potentially moving to a fully independent captive structure later on.
With Outcomes SPC, Global Captive Management provides an accessible and flexible solution for companies looking to take control of their insurance risks while managing costs effectively.
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