A Captive Insurance Solution Built to Support
Mid-Sized Employers
The WAYMARK Collective began when one of HUB's managing partners, a leader in employee benefits consulting, was evaluating captive solutions for their clients. HUB realized they had the capability and expertise in-house to build and manage a stop loss insurance captive that would create cost savings for their clients.
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HUB partnered with an A+ (Superior) A.M. Best stop loss reinsurer and the worlds largest captive management company to build The WAYMARK Collective, a stop loss insurance captive designed to meet the specific needs of mid-sized employers.
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Leveraging the Mine, Ours & Theirs Mentality
The WAYMARK Collective was built to support progressive mid-sized employers (49-999 employees) who are able to effectively manage cash flow and take on risk.
We segment risk into three buckets: mine, ours, and theirs.
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Mine - The risk an individual group retains
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Ours - The risk shared in captive
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Theirs - Risk transferred to the reinsurer
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The WAYMARK Collective creates a risk sharing environment that insulates employers from large claim volatility. Pooled purchasing and risk sharing also reduces cost by purchasing reinsurance on a larger scale and at a higher level.
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Marking the Way
to Better Outcomes
One of the core benefits of The WAYMARK Collective is a return of premium if the group performs better than expected.
However, it's not just about the refunded dollars; The WAYMARK Collective gives mid-sized employers large group leverage. This means you get access to more progressive solutions. It also means financial stability and insulation from volatility when large claims hit your plan.
The best benefit of all—you don't have to manage your health care costs alone. The WAYMARK Collective brings employers together throughout the plan year to share ideas, collaborate and develop a proactive long-term strategy that will lead to better outcomes.
Ready to Get Your
Health Care Costs Under Control?
The WAYMARK Collective works with employers to evaluate if captive insurance is a solution that will fit their needs. It's important to begin conversations four months prior to your individual stop loss effective date to allow enough time for underwriting, quoting, implementation and onboarding.
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Employer Requirements to Join
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Have 49-999 employees
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Be able to effectively manage cash flow and take on risk
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Be self-funded or be willing to transition to self-funding upon joining The WAYMARK Collective
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Be proven to be financially sound through an underwriting evaluation
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