{
  "id": 15907399,
  "title": "Why More Fleets Are Looking at Captives",
  "url": "https://urgent.news/2026/10/21/why-more-fleets-are-looking-at-captives",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-21T14:58:34.000Z",
  "source": {
    "name": "FreightWaves",
    "slug": "freightwaves",
    "url": "https://www.freightwaves.com/news/why-more-fleets-are-looking-at-captives"
  },
  "original_language": "en",
  "account": "Captives and alternative risk structures are becoming increasingly attractive to fleets, driven by a fundamental issue within the insurance industry. Commercial auto liability has not been profitable on an underwriting basis since 2010, with a loss ratio of 97.1% and a margin of just 2.9%. Insurance companies are turning to captives and alternative risk structures as they seek to generate profits for themselves. These structures allow fleets to retain more control over their own losses, and in return, share in the financial results of the program. As a result, the conversation shifts from merely comparing premiums to examining the fleet's total cost of risk, including claims, expenses, reinsurance, and performance. Captives enable fleets to have a more active role in funding their own insurance losses and can provide a more stable rate structure, which is appealing to safety-focused operators who have been subsidizing poorer performers. The predictability of renewals in a captive program is also a significant advantage, as it helps fleets plan their budgets. Beyond cost control, fleets gain better access to claims data, enhanced loss-control support, and a clearer view of their risk profile. To embark on a captive journey, fleets must go through three stages: discovery, quoting, and timing. Discovery involves understanding the fleet's operations, current program, financial capacity, and goals. The quoting process includes underwriting, actuarial analysis, reviewing the captive's rules and financials, collateral requirements, and reinsurance arrangements. The timing of the process is crucial, as starting mid-term allows the fleet to fully understand the commitment and cope with up-front costs due to collateral requirements.",
  "summary": "Commercial auto liability hasn’t turned a real underwriting profit in over a decade, and that math is pushing more fleets toward captives and other alternative risk structures. Reliance Partners Senior Vice President of Sales Frank Kneeland explains why the conversation is shifting from premiums to total cost of risk — and why timing the move matters as much as the structure itself. The post Why…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}