How To Assure You Are Optimizing Use of Your Captive

 
Captive Operation and Services | Alan Fleming | Chairman | Airmic

Alan Fleming of Airmic offers the following tips for optimizing use of a captive insurance company: (A) Attending conferences allows captive owners and captive managers to share ideas and gather input from other professionals in the space. (B) Obtaining services from more than one provider (be it a fronting insurer or brokerage firm) can allow a captive insurer to achieve multiple and comparative views, angles, and ideas on its insurance program. (C) Actively engaging senior-level executives at the board level can arouse dynamics leading to added value, increased information exchange, and enhanced processes.