Alternative Risk Transfer

The landscape of risk is ever-evolving, filled with shifting complexities and dynamic challenges. At Lakenan, we’re not just about traditional insurance solutions; we delve deeper to provide alternative risk transfer (ART) solutions, specifically designed for businesses that require a different approach to managing their unique exposures.

Our team of experts employ their understanding to devise innovative and custom-tailored strategies that align with your business objectives.

Over the years, Lakenan has cultivated relationships with a multitude of businesses, providing them with the tools and the knowledge to better manage their long-term risk costs. Our strength is deeply rooted in our partnerships with some of the most distinguished insurance companies worldwide, enabling us to present you with the best ART solutions.

Our process begins with an exhaustive review and analysis of your business operations and risk exposures. This comprehensive understanding of your business landscape allows us to develop truly bespoke ART solutions designed specifically with your unique challenges in mind.

To address the diverse needs of businesses, we offer coverage in several key areas of alternative risk transfer:

• Captives: A private insurer that is owned by its insureds, providing an effective way to finance risk and manage your insurance costs.
• High Deductible Plans: Policies with larger deductible amounts, offering lower premiums in return, suitable for businesses that can handle higher out-of-pocket costs.
• Pool Programs: Collective insurance programs where multiple entities join forces to pool their risks, providing shared protection against losses.
• Qualified Self-Insured Plans: Allows businesses to retain their own risks and pay for losses out of pocket, offering more control over claims management.
• Retrospectively-Rated Programs: Insurance programs where the premium is adjusted after the policy term, based on the actual loss experience.
• Risk Purchasing Group: Groups formed to purchase liability insurance collectively, providing cost efficiency and broader coverage.

With Lakenan, your business has a partner in navigating the complicated world of risk. We are committed to providing the tools and protection your business needs to face the uncertainties of today and the unknowns of the future. Trust our expertise and know that with Lakenan, your business is in the safest of hands.