In this video, Courtney Boles of Management Services International explains the essential components of a captive feasibility study and why it is a foundational step in establishing a captive insurance company. The discussion begins with identifying the intended audience, including business owners, prospective captive owners, and board members, followed by regulators, auditors, and legal counsel who may later rely on the analysis. The video outlines core elements of the feasibility study, including the captive's purpose, the risks to be insured, structural and domicile considerations, risk financing layers, and the potential use of pooling or reinsurance. It highlights the integral role of actuarial and underwriting analysis and the importance of cost projections and pro forma modeling to assess financial impact under varying loss scenarios.