Mission & History

Mission

Partner Health Insurance, Ltd.'s mission is to provide the highest quality insurance protection for its non-related shareholders. By joining together to create a true sharing of risk, the shareholders can control their insurance costs and avoid the volatility of the traditional insurance industry. Additional benefits are created through the stabilization of premiums and the improved management of risk through effective loss control.

History

From the beginning, Partner Health Insurance, Ltd. (Partner Health) has focused on one thought: Insurance is a manageable cost. Shareholders should be in control of their insurance destinies and not dictated to by the insurance industry.

Partner Health, formed in April 2019, is a member-owned group captive created to enable businesses to obtain adequate stop-loss insurance coverage for their employee health plan obligations at affordable rates. The founders of Partner Health perceived that the Traditional insurance industry was not responsive to this basic necessity.

Partner Health is licensed in the Cayman Islands to reinsure risks from the policy issuing company, Berkley Accident and Health (Berkley), rated A+ by A.M. Best. Berkley is licensed and admitted, providing coverage to the membership in the United States.

Each shareholder, regardless of premium size, has one vote. A simple majority of the Board of Directors governs on matters submitted to the Board. Partner Health generally follows a two-year accounting cycle. Each underwriting year stands alone and typically will not be closed until two years after the policy year end, or as determined by the Board of Directors.

Partner Health believes that its management strength lies in a strong committee structure and individual involvement by shareholders. Partner Health committees include: Membership Development, Health Risk Management and Finance. The Board of Directors relies on the recommendations of these committees to establish policies.

Partner Health desires participation by well-managed, profitable companies whose management philosophies and personalities are compatible with those of the other shareholders.