Captive Feasibility Videos

  • Key Components of a Feasibility Study

     
    Captive Feasibility | Brady Young | President & CEO | Strategic Risk Solutions

    Conducting a feasibility study is an important part of determining whether a company should form a captive or join an existing captive. In this video, Brady Young of Strategic Risk Solutions describes the key issues that should be addressed in a captive feasibility study. These issues include studying the risk retentions in the current program, comparing all the risk finance alternatives that might be used, examining expected results over time with best- and worst-case financial pro-forma statements, federal and state tax impact, and domicile options.



  • Captive Feasibility Studies: Common Mistakes

     
    Captive Feasibility | Brady Young | President & CEO | Strategic Risk Solutions

    As discussed in the video “Key Components of a Feasibility Study” by Brady Young of Strategic Risk Solutions, conducting a feasibility study before forming a captive insurance company is essential. In this video, he outlines some of the most common mistakes made during feasibility studies, including underestimation of future losses, overestimation of investment income, unrealistic operating expense expectations, and incomplete analysis of tax issues at state, federal, and local levels.



  • Use Consultants When Considering Captives

     
    Captive Feasibility | Michael O’Neill | CEO & President | ACIG

    Joining a captive insurance company is a momentous undertaking and must be considered carefully. In this video, Michael J. O’Neill of ACIG advises getting an unbiased, complete, professional captive insurance consultant involved in looking at all elements of the captive insurance company under consideration.



  • Why Captive Business Is the Best Business

     
    Captive Feasibility | Captive Operations & Services | Hugh Rosenbaum | Retired Principal of Towers Watson

    "Captive Business Is the Best Business” has been a mantra of risk professionals since the early days of captive insurance. Captive insurance pioneer Hugh Rosenbaum explains the rationale behind the mantra, which largely relates to the degree of underwriting control captive owners may exercise.



  • Insurance Captives Crash and Burn for These Reasons

     
    Captive Feasibility | Steven McElhiney | President & CEO | EWI Re, Inc.

    While insurance captives can be a powerful risk management tool, they also run the risk of being unsuccessful if not managed properly. In this video, Steve McElhiney, president and CEO of EWI Reinsurance, discusses the importance of having a consistent focus on the specific need that the insurance captive was formed to address. Effective governance and management direction, including both annual plans as well as more long-term goals, are critical for the success of an insurance captive. In addition to the risk controls and investment strategy that must come from the insurance captive itself, Mr. McElhiney also gives some examples of the types of service providers that can assist in fulfilling the organization's goals.