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Alternative risk financing refers to use of techniques other than traditional (re)insurance to protect from risk of loss, with objective to attract non-traditional capital willing and able to absorb insurance risk. Whether it’s a captive insurance company, large deductible program, self-insured entity, public entity pool or syndicate, an alternative risk financing entity is a risk retention program outside the traditional commercial property and casualty market.

SL FINANCIAL understands their needs, the most important of which is a desire to control insurance costs over the long term. Each program has unique risk characteristics that are often the impetus for the program formation in the first place. Differing geographic, industry or line of business mixes of business may dictate customized approaches to reviewing the risk profile for your program. SL FINANCIAL has expertise in a wide variety of lines of business, regulatory jurisdictions and industry niches (e.g. commercial auto liability and trucking liability).
Insurance-linked securities (ILS) are financial instruments whose values are driven by insurance loss events. As securities, ILS can be and are traded among investors and on the secondary-market. They allow insurers to offload risk and raise capital, they also allow life insurers to release the value in their policies by packaging them up and issuing them as asset-backed notes.

Whether it’s a catastrophe bond (CAT bond), a collateralized industry-loss warranty (ILW), a collateralized reinsurance or a sidecar entity, SL FINANCIAL understands the specificities of each type of transaction and is a pioneer in (fair) valuation of ILS instruments and funds.

Captives
  • Captive Feasibility Studies
  • Loss Reserve Specialist Certification
  • Reinsurance Structuring & Pricing
  • Underwriting Support
ILS Funds
Portfolio of risk-linked instruments
  • Review of Funds Strategies
  • Review of Funds Underwriting Guidelinese
  • Independent Valuation of Risk-Linked Instruments (RLI) – fair value being the price at which instrument could be bought or sold, at any time during its life, in a hypothetical transaction between wiling and rational parties
Rent-an-Actuary
Rent-an-Actuary is the complete outsourcing of the actuarial function. The idea is that companies with punctual needs of actuarial services (e.g. ratemaking or loss reserving) can benefit from the full range of additional services provided by the chief actuary, including but not limited to:
  • Plan, Budget and Results
  • Interaction with Underwriting, Claims, Finance, or IT
  • Interaction with External Stakeholders e.g. Rating Agencies or Regulators
  • Reinsurance Structuring and Optimization
  • Valuation for Mergers and Acquisition

contacts

SL FINANCIAL, Inc.
437 Bird Road
Coral Gables, FL 33146
    Achille Sime
    Principal/CEO

    Fellow of the Institut des Actuaires France (FIAF)
    Fellow of the Society of Actuaries (FSA)
    Member of the American Academy of Actuaries (MAAA)
    Chartered Enterprise Risk Analyst (CERA)
    Affiliate of the Casualty Actuarial Society (AFFI CAS)
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