captive and ART resources

CICR Index 1988 through December 2011 in searchable PDF

Kick the tires before you buy!
To see a sample CICR,View The June 2009 issue in Adobe Acrobat (pdf).


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IRMI Publications
on the NewsRack at captive.com

The IRMI Guarantee: You can cancel any newsletter subscription at any time and we will return the unused portion of the subscription fee.

Captive.com facilitates the ordering process for IRMI but does not warehouse these, or any other, publications. Our goal is to bring quality publications together in one place, and to make it easy and safe for you to order them.

General shipping guidelines: For domestic shipments, please allow 2 weeks for delivery. Should you have questions about your order, you may reply to the e-mail that confirms your order or call IRMI at 800-827-4242.

Jump directly to these IRMI titles:


Captive Practices and Procedures Captive Practices and Procedures

How to Structure and Operate a Successful Captive Insurance Program

2nd Edition now available! [Learn what's new in the 2nd edition] Author Kathryn Westover has set up and managed more than 50 successful captives during her 20-plus years of experience. This book will help you understand the accepted practices and procedures that support a captive’s ability to achieve its mission and purpose. Learn what it takes to establish a successful captive insurance company—one that sets the standard and withstands the test of time!

Learn How To Make Sure Your Captive is Built to Last

  • Use the components of a feasibility study to develop the strategic business plan

  • Read and understand a captive’s financial reports

  • Establish a captive management team that actively drives the achievement of the captive’s strategic goals

  • Develop a procedures manual that will actually be used

  • Turn “regulatory compliance” from a negative into a positive

  • Use performance analyses to reinforce stakeholder satisfaction
  • Print price, including shipping within the US: $74.00. Sales tax will be added on orders shipped to CA, CT, FL, GA, IA, KY, MD, MA, MI, MN, MO, NV, NJ, NY, NC, OH, PA, TN, TX, VA, WA, Washington DC, and WI. Shipping charges will be passed on to the customer for orders outside the US.

    Download Table of Contents To Book Review...

    Read Book Review by captive.com's John Salisbury, CPCU, Are and ARM

    Order this publication from IRMI on captive.com's secure server


Captives and the Management of Risk

IRMI's popular book, Captives and the Management of Risk, is designed to help newcomers and risk funding veterans alike understand the pros and cons of captives and apply proven concepts for strategic success. This comprehensive book breaks down the complex topic of captives, revealing the types of risk that can be handled by captives, why captives can be effective as a risk management tool, tax and accounting considerations, how to determine if a captive is feasible, how to choose a domicile, and how to manage and operate a captive. Captives and the Management of Risk is divided into 13 chapters, each one designed to answer a Captive Frequently Asked Question, or "CAPFAQ!"

This book is authored by Kathryn Westover, President of Captive Advisory Services, who has worked with risk funding programs for over 15 years. Ms. Westover takes the perspective of those working within the regulatory environment of the United States, and the guidelines and strategies she offers will assure your success in managing, participating in, or recognizing whether a captive is the best risk management option.

By Kathryn Westover, 216 pp., March 2002.

Print price, including shipping within the US: $74.00. Sales tax will be added on orders shipped to CA, CT, FL, GA, IA, KY, MD, MA, MI, MN, MO, NV, NJ, NY, NC, OH, PA, TN, TX, VA, WA, Washington DC, and WI. Shipping charges will be passed on to the customer for orders outside the US.

Download Table of Contents


Captive Insurance Company Reports

CICR The use of captive insurance companies grew significantly in the soft market and is expanding rapidly in the hard market.. As a risk management or insurance professional, you can view traditional market change and the increasing use of the alternative market as either a threat or opportunity.

Written by the consultants at Towers Perrin, Captive Insurance Company Reports (CICR) is the first and most well-known periodical to focus on the alternative market. CICR covers reinsurance, tax, and regulatory developments in the captive industry. Each month it provides comprehensive reports and comparisons of new and existing captive domiciles. It also addresses reinsurance and fronting conditions and their effects on captives. Subscribers will also receive summaries of the proceedings from many conferences, assessments of the latest tax legislation, and the holdings of recent court cases. CICR's annual review issue, "Captive Scene Today," provides a definitive summary of the growth and the latest trends in this sector of the market. Subscribers to the electronic versions of CICR are provided a fully searchable archive of all issues published since August 1998

The January 2012 issue of CICR contains the following topics of interest:

CICR Subscribers: Click directly to the issue in IRMI Online or ReferenceConnect. If you don’t currently subscribe, order CICR direct from IRMI on captive.com's secure server! Following are the highlights of this month’s CICR.

The January edition of Captive Insurance Company Reports begins with "Insurance Issues and Outlook: 2012" (on ReferenceConnect or IRMI). Using statistics from the Insurance Information Institute, we present quite a few statistics about the economy in general and the commercial insurance market specifically. 2011 was marred by catastrophes, and their financial impact is highlighted. We present the four necessary criteria necessary to harden the market, including their current status. CICR weighs in on how this may affect captive insurers.

Our second article is an excellent primer on "Evaluating Domiciles--The Regulatory Environment" (on ReferenceConnect or IRMI). Written by two former regulators, they offer insights into how and why states become captive domiciles, citing the many differences that exist between the domiciles that affect how the domicile treats captives. The factors include operational differences, funding of captive department budgets, internal versus external staffing, and involvement in outside regulatory bodies. They then discuss nine factors one can use in selecting a proper domicile, concluding with a sample Domicile Regulatory Questionnaire.

Kick the tires before you buy! To see a sample CICR, View The February 2010 issue in Adobe Acrobat (pdf). The lead story in this issue is entitled 2010 Prognostications on Captives. Also found in this issue is a recap of the highlights of the November 2009 World Captive Forum. This is an excellent sample issue that we think you will enjoy!

CICR Index 1988 through December 2011 in searchable PDF

Price: $449.00 USD. Sales tax will be added on orders shipped to CA, CT, FL, GA, IA, KY, MD, MA, MI, MN, MO, NV, NJ, NY, NC, OH, PA, TN, TX, VA, WA, Washington DC, and WI. Shipping charges will be passed on to the customer for orders outside the US.


Claims Operations:  A Practical Guide Claims Operations: A Practical Guide
Explanations and illustrative examples of technical claim issues, practices, and management.

Written for both experienced and new insurance professionals, this book provides a comprehensive overview of how the claims process is handled, controlled, and managed, and its interrelationship with other functional departments.

An outstanding training resource to:

  • Guide the building of a “best practices” claim model.
  • Understand and evaluate the claim facility or contracted TPA.
  • Deciphering the types of TPAs and the selection process.
  • Avoid the negative effects of inadequate TPA pricing on results and member/policyholder retention.
  • Proactively address the adverse results of improper or inadequate claim staffing and management’s staffing decisions.
  • Develop a member-owned claim facility.

Print price, including shipping within the US: $58.00. Sales tax will be added on orders shipped to CA, CT, FL, GA, IA, KY, MD, MA, MI, MN, MO, NV, NJ, NY, NC, OH, PA, TN, TX, VA, WA, Washington DC, and WI. Shipping charges will be passed on to the customer for orders outside the US.

Use this link to download table of contents

Order this publication from IRMI on captive.com's secure server


Fundamentals of ReinsuranceFundamentals of Reinsurance and Reinsurance Markets

Gain a Practical Grounding in the Fundamentals of Reinsurance and the Marketplace.

This book addresses some of the key and unique aspects of reinsurance and also provides an overview of its history and future. It summarizes the basics and provides an overview of specific aspects such as claims, accounting, and captives.

Those who are new to reinsurance purchasing, underwriting, or sales will benefit from this book. Using examples, easy-to-understand illustrations, and handy checklists, it is a timely, real-world introduction to the highly specialized field of reinsurance.

Print price, including shipping within the US: $54.00. Sales tax will be added on orders shipped to CA, CT, FL, GA, IA, KY, MD, MA, MI, MN, MO, NV, NJ, NY, NC, OH, PA, TN, TX, VA, WA, Washington DC, and WI. Shipping charges will be passed on to the customer for orders outside the US.

Download Table of Contents


Practical Risk ManagementPractical Risk Management®

Designed to help risk management and financial executives start and maintain a risk management program, Practical Risk Management® discusses the entire process from exposure identification through implementation and monitoring of the program.

The publication suggests risk management practices to implement, and provides concise and understandable explanations of most types of insurance coverage along with tips on the best coverage options. Subscription includes a quarterly newsletter providing insight into emerging risks, new risk management tactics, and insurance market trends.

Price: $419 USD. Sales tax will be added on orders shipped to CA, CT, FL, GA, IA, KY, MD, MA, MI, MN, MO, NV, NJ, NY, NC, OH, PA, TN, TX, VA, WA, Washington DC, and WI. Shipping charges will be passed on to the customer for orders outside the US.

Order this publication from IRMI on captive.com's secure server


Risk Financing®

RiskFinancing During a hardening market, aggressively controlling the cost of risk provides a competitive edge and adds to corporate profits. To manage and control the cost of risk, you must choose from a complex array of alternative risk funding approaches and periodically evaluate and fine-tune the selected vehicles. However, there are so many constantly changing variations of all the alternatives -- and a myriad of tax and accounting implications associated with each -- that it is practically impossible to keep up with them. That's why even the most experienced brokers, underwriters, consultants, CFOs, and risk managers turn to Risk Financing to stay abreast of this fast-moving field!

This leading edge reference provides the details you need to know about deductibles, experience rating, retrospective rating, self-insurance, risk retention groups, self-insurance trusts and pools, captives, finite risk insurance, the alternative market, and other cash flow plans. Today's risk management and insurance professional must be extremely knowledgeable in the pros and cons as well as the operation of each plan. Risk Financing will help you develop competitive alternatives, prepare complete, understandable proposals and/or reports, advise of the tax and accounting considerations of the various alternatives, and keep you abreast of changes that affect your services and programs. It includes eight valuable appendices, containing summaries of state self-insurance regulations, copies of relevant FASBs, internal revenue code provisions, captive insurer legislation, cost guidelines, etc. This service also includes The Risk Financing newsletter with each supplement to the manual. Two loose leaf volumes, 1,500 pages.

Price: $429.00 USD. Sales tax will be added on orders shipped to CA, CT, FL, GA, IA, KY, MD, MA, MI, MN, MO, NV, NJ, NY, NC, OH, PA, TN, TX, VA, WA, Washington DC, and WI. Shipping charges will be passed on to the customer for orders outside the US.


 

captive and ART resources