Triad Guaranty Insurance Corp. In nearly every industry, the use of risk-management strategies to control costs and realize profit objectives is rapidly escalating. From utilities and commercial insurance to finance, telecommunications, transportation and mortgage insurance, companies are turning challenges into opportunities via skillful application of risk-management tactics . Many firms are discovering that alternative risk transfer devices, including the growing variety of captive reinsurance structures, can assist them in meeting their financial objectives. Generally, companies that have demonstrated the most success start with a sound business strategy a partnership philosophy, a commitment to innovation, an entrepreneurial attitude, demonstrated risk-management expertise and an ability to make intelligent business decisions.
Some companies choose to go it alone.
But for many, the wisest route is usually to choose a partner experienced in the realm of risk management. The costs associated with starting up a reinsurance company, the inconvenience of tying up assets that could be put to better purpose, and the accompanying diversion of human energy and time away from the core business, are reasons enough to forge an alliance that can alleviate those elements of the captive equation. The important factor is that the strategic partner has the financial stability and the expertise, both in risk sharing and in your industry, to ensure a smooth entry into the captive market. In the mortgage industry today, challenges ranging from increased competition and emerging technology to consolidation and deregulation require companies to look toward innovative solutions for increasing or maintaining their margins. 1 Triad Guaranty Insurance Corporation has demonstrated the financial strength and ingenuity to emerge as the clear leader in the MI captive reinsurance industry.