The eCaptiv program integrates a Member-owned variable cost captive insurance structure, including a sponsored captive insurance company with protected cell structures, together with a commercial property and casualty insurer and reinsurer Reciprocal Insurance Exchange, providing an alternative approach to financing insurance risk alongside the traditional insurance market.

The program is intended for organizations that assume a defined portion of risk, actively participate in program governance, and comply with established loss prevention and risk management protocols

Insurance policies are issued by licensed primary insurers, with a defined portion of risk retained through the Captive structure and additional protection provided through reinsurance

Participation in the eCaptiv program results in each Member also becoming a Subscriber of the Reciprocal Insurance Exchange (Reciprocal)

The Reciprocal Insurance Exchange is a commercial insurer and reinsurer owned by its policyholder Subscribers

Day-to-day operations of the Reciprocal are administered by an independent Attorney-in-Fact (AIF) pursuant to delegated authority, with oversight provided by a Subscribers Advisory Committee, subject to the Subscribers’ Agreement

Under the risk and reinsurance structure, the primary insurer cedes risk to the Reciprocal, net of its retained layer

The Reciprocal retrocedes ground-up losses to the Captive, including applicable protected cells, up to the per-occurrence retention

Losses in excess of the Captive retention are ceded to the Excess of Loss (XOL) reinsurance market, net of any Reciprocal retention

The XOL program is swing-rated, with Members charged a provisional rate upfront, and Members with adverse loss experience may be subject to assessment, as permitted under applicable governing agreements

Members participate in program governance through representation on governing committees and are contractually obligated to comply with program Terms and Conditions, premium and other payment obligations, and loss prevention protocols

Access to claims and litigation management protocols, including early intervention strategies and ongoing account oversight

Required participation in the Mongoose RM™ Risk Management Program, establishing standardized loss prevention and compliance protocols with consultation and review along with targeted industry specific training

Required implementation and maintenance of risk management technology, including:

  • Approved and compliant cloud-based telematics
  • Approved and compliant cloud-based dash cameras
  • Approved and compliant driver behavior technology, including inward-facing cameras and/or cell phone blocking technology, telematics-based monitoring program, written progressive disciplinary policy, and quarterly mandatory training

Access to technology platforms, including eLive Connect, Telematics Exchange, and the Member Portal

Programs may include tailored coverage structures for:

  • Commercial Automobile
  • Workers Compensation
  • General Liability
  • Excess Liability

Collateral is required for each policy term and may include cash, letters of credit, or approved off-balance-sheet collateral alternatives, subject to program terms

Each Member and Subscriber must execute applicable agreements, including the eCaptiv Membership Agreement, Reciprocal Subscriber Agreement, and the Limited Guaranty Agreement

Program Offerings.

Group Captives

Multi-Line Single Protected Companies

Segments

Energy

Forestry Management

Specialty

Crane and Rigging