eCaptiv announces the formation of group captive programs in Canada

Peabody, MA (Feb. 12, 2019) – eCaptiv will be forming two group captives through an exclusive group of independent insurance brokers to combat commercial auto trends in Canada. The programs are in the process of accepting submissions for prospective Members and intend to commence in July 2019.

“The eCaptiv program allows Members the ability to control their own destiny,” Tony Passarelli, General Manager and Vice President of Distribution, Energi of Canada. “Members can exit the traditional insurance market to combat current commercial auto trends.”

The first captive will be for companies that have HazMat exposure while the second will be focused on more generic short to medium haul fleets. Both captive programs will be geared towards companies with more than $250,000 in primary casualty premiums.

All Members will be adopting risk management technology programs such as dash cameras, telematics and online training that are key elements in combating litigation financing and adverse commercial auto trends. eCaptiv’s sister company, eTech Services’ Telematics Exchange and eLive Connect will be used to aggregate telematics data from a number of telematics service providers and provide 24/7 loss prevention and safety training for drivers.

eCaptiv will be hosting an informational webinar series starting on Tuesday, February 19th  for independent insurance brokers and insurance companies that have interest in participating in the program.

To register or learn more, please click here.

About eCaptiv

eCaptiv provides alternative and captive insurance solutions in the United States and Canada. eCaptiv is an affiliated entity of Energi Insurance Services, Inc. (MGA, Wholesaler & Program Manager), eRisk Solutions (LP Safety, Accident Recon, Environmental Management Services, Fire & Explosion Experts), eClaims Management (Claims TPA), eMarketing Strategies (Marketing Services Company) and eTech Services (Technology Services Company for the Insurance Industry). These companies offer specialized insurance programs along with support services meant to reduce client’s long-term loss costs and enhance their productivity.

Source: eCaptiv