Fact Sheet
Captive insurance enables businesses to take more control over their risk management by owning their own insurance company. It is a cost-effective form of self insurance. Captives are real insurance companies and businesses can utilize them to replace some or all of their commercial insurance, insure enterprise risks, provide warranties and issue bonds.
What are the benefits of a captive insurance company? Improve risk management
Reduce net insurance premiums Reap gains in insurance profits Smooth rate increases Accumulate wealth Enjoy potential advantageous tax treatment Gain access to reinsurance markets Insure non-standard risks Employ customized insurance programs
How do captive insurance companies reduce costs and improve risk management?
Captive insurance eliminates a large protion of the administrative costs companies often pay through commercial insurance. Captives also generate investment income from unearned premiums and loss reserves. They also enable a
Can you form your own captive insurance company?
The rst step is to enlist an experienced captive manager that can guide you through the assessment and captive formation process.
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