Alternative risk groups are organizations that choose to self-fund or share insurance risk outside of traditional insurance markets, retaining more control, flexibility and potential cost savings. With over 35 years of experience serving the insurance industry, the Brown Plus Insurance Practice includes a specialized focus on alternative risk arrangements, providing trusted tax and advisory services to a broad range of entities across this sector.
What Types of Alternative Risk Groups Does Brown Plus Serve?
Brown Plus serves alternative risk entities across many domiciles throughout the United States, including:
- Captive Insurance Companies
- Group Captive Programs
- Self-Insured Groups (SIGs)
- Self-Insured Retentions (SIRs) and Large Deductible Programs
- Association Self-Insurance Funds
- Risk Retention Groups (RRGs)
- Risk Purchasing Groups (RPGs)
- Protected Cell Companies (PCCs) and Series LLCs
Captive insurance companies are a specific type of alternative risk arrangement in which a business (or group of businesses) forms and owns its own licensed insurance company. Because of the unique complexity and regulatory demands of captives, Brown Plus maintains a dedicated service offering for them.
Team Members
Industry Involvement
To stay current on developments affecting alternative risk groups, Brown Plus monitors activity from leading industry and regulatory organizations, including:
- National Association of Insurance Commissioners (NAIC)
- Insurance Accounting & Systems Association (IASA)
- Insurance Tax Conference (ITC)
- Internal Revenue Service (IRS)
- Numerous state insurance departments
What Services Do We Provide for Alternative Risk Groups?
The Brown Plus Insurance Practice specializes in providing accounting and auditing, tax and business advisory services to alternative risk groups, including:
Tax Services
- Business Tax Services
- Merger and Acquisition (M&A) Consulting
- Research and Development (R&D) Tax Credit Consulting
- State and Local Tax Services
- Tax Compliance
- 953(d) Elections
- Unrelated Business Income Tax (UBIT) Analysis
Advisory Services
- Business Valuations
- Corporate Governance Annual Disclosure Consulting
- Cybersecurity Assessments (NAIC Data Security Model Law) and Education for Board Members
- Human Resources (HR) Consulting
- Litigation Services
- Outsourced Accounting Services
- Outsourced CIO Services
- Representation with State Regulators and/or AM Best
Why Should Alternative Risk Groups Choose Brown Plus for Their Tax and Advisory Needs?
Our insurance professionals are knowledgable about state-specific regulations and other complex demands facing the alternative-risk industry. Our Firm maintains working relationships with group administrators, program managers and third-party administrators (TPAs), allowing for valuable collaboration and insight across all aspects of these arrangements.
Brown Plus supports clients by:
- Assisting with regulatory reporting requirements
- Providing tax and advisory services tailored to alternative risk structures
- Offering consulting support designed around each organization’s needs
- Bringing decades of insurance industry experience and best-practices insight
Whether your organization is a risk retention group navigating multi-state compliance, a self-insured fund managing reserves or any other alternative risk structure, Brown Plus has the depth of knowledge to serve you.
Contact us today to learn how we can help you see what’s possible for your alternative risk group.
Our Locations
Brown Plus provides services nationwide with a concentration of clients in the Mid-Atlantic region. Our offices are located throughout Pennsylvania and Maryland.
