Understanding RRGs, RPGs, Captive & Industrial Insurers

Dive into the essential world of insurance as we break down the key differences between Risk Retention Groups (RRGs) and Risk Purchasing Groups (RPGs)! Both operate under the Federal Liability Risk Retention Act, but RRGs act as insurers for their members, while RPGs purchase insurance on behalf of their members for better bargaining power. We’ll also explore Captive Insurers—specialized firms created by parent companies to manage loss exposure—and Industrial Insurers, which focus on small face amounts of insurance collected through home visits. Lastly, discover Service Providers like HMOs and PPOs that deliver healthcare services rather than insurance. Join us for an insightful journey into the intricacies of the insurance landscape! If you find this video helpful, please like, and share! #Insurance #RRGs #RPGs #CaptiveInsurers #IndustrialInsurance #HealthCare #HMOs #PPOs
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Understanding Risk Retention Groups (RRGs)

00:01:08
Spotting the Differences

00:02:06
A Closer Look

00:03:07
Small Policies, Big Impact

00:04:03
Navigating Healthcare

00:04:58
Emphasizing Preventive Care

00:06:11
Flexibility and Choice

00:07:15
The Interplay of Insurance Entities

00:08:24
A Multifaceted Insurance Landscape