Alternative Insurance Services

The Alternative Insurance Services division of Century Casualty Company a virtual “back office” for the transaction processing needs of the alternative risk industry. These world-class services enhance the efficiency of risk retention groups, group captives, self-insured businesses, and program managers, by providing a cost-effective outsourcing solution.

CCC’s affiliate, Southern Insurance Underwriters, Inc., is among the largest independently-owned managing general agencies in the U.S., and has an excellent reputation in the property/casualty insurance industry over its 40+ years. CCC’s and SIU’s on-site staff of underwriters, policyholder service specialists, claims examiners, and accountants, along with cutting-edge computer technology, enables the efficient and effective processing of large volumes of insurance-related transactions. SIU also has an established network of over 1,500 independent agents in the Southeast, which are a potential distribution channel for new products.

Potential clients for our Alternative Insurance Services include:

  • Captive insurance company managers
  • Risk retention groups
  • Risk purchasing groups
  • Group captive insurance companies
  • Association captive insurance companies
  • Program managers
  • Businesses or associations with self-insured programs
  • Single-parent captive insurance companies
Available services include:

Transaction Processing
  • Individual risk underwriting – skilled staff of underwriters with experience in all lines of property and casualty insurance
  • Policy preparation and printing – highly automated system issues all documents, including policies, endorsements, cancellation notices and invoices; documents can be delivered electronically, if desired
  • Premium billing and collection – account current capability for producing agents; aging reports; highly skilled collections staff
  • Premium financing – on line, real-time, customer-friendly system enhances product sales
  • State-of-the art imaging system for paperless record-keeping (accessible on-line by clients)
  • Web-based capability for policy transactions – in-house web-development specialists for specific custom applications
  • Comprehensive management reports, tailored for client requirements
Insurance Program Design
  • An experienced staff to assist with the design of insurance policies, underwriting guidelines, risk management, and loss prevention functions
Claims Administration
  • Third party administration of various types of property and casualty claims
  • In-house handling of “routine” claims, to minimize independent adjuster and attorney expense
  • Responsive network of independent adjusters and defense attorneys
Accounting
  • Financial statement preparation for alternative risk entities
  • Data collection for actuarial, financial, and accounting purposes
  • Reinsurance company accounting
Information Technology
  • Highly efficient policy management system – fully integrated functions of quote, rate, issue, invoicing, agent/company statements, claims, and management reports
  • On-site programming resources, to enable customized client solutions
  • State-of-the-art systems and secure data storage environment
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