Contributing Author: Mark Queen
Faith-based entrepreneurial navigator and founder of Core Score, LLC.
As the principal and CEO of Core Score, I can tell you that our clients – coast-to-coast entrepreneurs, business leaders and market visionaries – believe professional coaching and navigating to be essential tools in their achievement of success.
As background, the Core Score team’s coaching provides guidance and support which helps individuals reach their goals; Navigating involves assessing and adapting to the challenges and obstacles that may arise along the way. Core Score’s experienced consultants use decades of experiences and a unique blend of coaching and navigating techniques to help individuals and businesses achieve their desired outcomes.
The following six categories represent key areas where many of our clients have challenges/opportunities:
Strategic Planning & Private Insurance: A Smarter Approach for Business Leaders
PRIVATE INSURANCE (aka Self Insurance, Reinsurance)
The Core Score team has spent several years understanding the key benefits of private insurance and how this platform COMPLIMENTS traditional risk management (property and casualty policies) while also DELIVERING enormous benefits and flexible strategies.
Our team has advised/onboarded several successful clients in the reinsurance space. Reinsurance fits into short and long-term strategic planning and, with the correct model, offers the following options and tremendous flexibility:
POICs
Today, we recognize private insurance – and more specifically a Privately Owned Reinsurance Company (POIC) – to be a ‘secret weapon’ addressing business challenges/opportunities on so many fronts – from employee retention to succession planning – and find this tool as a central strategy when talking to nationwide business leaders/clients.
Learn more about POICs here and explore why an insurance company owned and controlled by a business leader allows businesses to better manage their risk exposure, perform claim mitigation, protect assets, increase cash flow and build generational wealth.
Core Score’s Recommendation: The Latitude Plan™
A properly structured private insurance company gives you something the traditional market rarely does – control. Control over risk selection, claims timing, capital deployment and long-term wealth strategy.
By insuring uninsured and underinsured risk exposures through actuarially supported policies, you’re no longer just paying premiums – you’re repositioning them as a financial asset.
Across industries, Reinsurance Specialties™ clients adopt this best practice model – The Latitude Plan™ – to enhance risk management, mitigate losses, protect enterprise value and create a disciplined pathway for capital growth and generational wealth transfer.
Invitation
If your organization generates between $1M and $1B in annual revenue and is interested in learning more about private insurance and how The Latitude Plan™ may support your broader risk management strategy, we invite you to explore further.
You can review additional information here, or schedule an educational, no-obligation ZOOM call with the Reinsurance Specialties™ team to determine whether this approach aligns with your business objectives.
Every private insurance platform works a little differently, and this information is for educational purposes only. As seasoned private insurance professionals, Reinsurance Specialties™ can provide more detail, share our best practice model and deliver consultative guidance for your specific needs.
