Covenant Risk Advisors, Inc.

Insurance Risk Advisory Services

Alternative Risk Solutions


While traditional insurance is one vehicle for managing risk, many options exist in alternative risk financing markets. Your organization may benefit by assuming more risk directly, instituting new risk financing methods, implementing better management controls, forming a captive or risk sharing pool, or purchasing or selling certain liabilities.


We can assist you in defining your organization’s risk tolerance, evaluating alternative structures and administering alternative programs through:


  • Alternative risk financing analysis
  • Determining risk retention tolerance
  • Cost optimization review
  • Captive feasibility and modeling
  • Program design and formation
  • Service provider selection (accountants, actuaries, brokers, investment advisors, managers, RMIS, TPAs, etc.)
  • Design of risk management information systems (RMIS)


Program management and administration

  • Rating plans and regulatory filings
  • Underwriting
  • Loss costing, reserve analysis and surplus accumulation planning
  • Planning and equity allocations
  • Program administration (evidence of coverage, invoicing, exposure schedules, etc.)
  • Executive reporting
  • Excess and reinsurance procurement
  • Service provider management (accountants, actuaries, brokers, investment advisors, RMIS, TPAs, etc.)
  • Claims management
  • Audit support
  • Sales and marketing assistance