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 History  


TRAX Insurance Ltd. was created in 1996 to help passenger transportation companies obtain adequate insurance coverage at a more affordable and stable cost. The founding members of TRAX perceived that the commercial insurance industry was not responsive to this basic business necessity. In forming TRAX, the goal of these business owners was to increase buying power and allow member companies many of the same advantages of control generally afforded to only Fortune 500 companies.


 
 Mission  


The mission of TRAX Insurance Ltd. is to provide the highest quality insurance protection for its non-related shareholders. By bonding together to create true sharing of risk, the shareholders can control their insurance costs rather than being subject to the volatility of the insurance industry. Additional benefits are created through the increased assurance of coverage availability, the stabilizing of premiums and the improved management of risk through effective loss control.

The Company, through active participation of its shareholders, provides the long-term security of a well-managed offshore insurance company. To meet this goal, only providers of services that can meet the highest standards of excellence are associated with TRAX.

TRAX was founded on the approach that insurance is a manageable cost. By gaining knowledge of what drives insurance company profits, TRAX shareholders have uncovered the mystery of the insurance industry and their inequitable approach towards premium determination. Through ownership in TRAX, shareholders have indeed taken control of their insurance destiny.


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