The benefits for participants are as follows:

• The insured is able to assume a portion of their risk, thereby participating in underwriting and investment results
   
• Access to reinsurance markets, which can be more efficient sources of coverage than primary insurance markets
   
• Obtain risk pricing that is based on its own experience rather than a primary company’s pooled loss experience
   
• Access to experts who will help you arrive at creative and effective answers to any risk-financing situation
   
• Lower administrative costs and responsibilities
   
• No significant capital requirement