Captive Basics

  Jeremy_Colombik_video

Risk Management Made Profitable with a Captive Insurance Company

Jeremy Colombik, president of Management Services International, says that business owners have a choice to purchase insurance coverages or not. Regardless, the risk remains. Business owners can make risk management profitable and improve their commercial insurance policies with a high deductible insurance policy that moves risk into a captive insurer.
October 16, 2017 Read More
  Key to Success-SF

5 Key Attributes of Captive Managers

Captive managers are an integral part of any captive insurance program. But what are the key attributes that captive insurers and their owners should look for when evaluating and selecting a captive manager? Here are five for consideration.
October 11, 2017 Read More
  Businessman with Questions-SF

5 Questions To Ask When Considering a Captive Insurance Company

Under the right circumstances, a captive can provide myriad benefits and, increasingly, mid-to-large firms are looking to form or join a captive insurance company. Find out how captive insurance companies operate, the different types of captives, and five key questions to ask when considering whether to form a captive.
October 02, 2017 Read More
  Jeremy_Colombik_video

Common Myths about the Captive Insurance Industry

Jeremy Colombik of Management Services International (MSI) debunks these common captive industry myths in a Captive.com video: that all captives are tax shelters and offshore, that captives do not provide additional coverages, that captives are not a good business decision, and that only Fortune 500/1000 firms are good for captives.
August 29, 2017 Read More
  vcia-2017-101-SF.com

Captive Insurance Pre-Formation and Feasibility Discussed by Panel

The Vermont Captive Insurance Association 2017 Annual Conference provided attendees with sessions from the basics to the most advanced. "Captives 101: Where the Mission Begins" was a foundational course for those new to captive insurance or those needing a refresher. Among other aspects, the session reviewed captive pre-formation and the captive feasibility processes.
August 14, 2017 Read More
  Employee Benefits-SF

Employee Benefits in Captives: The Basics

A small but growing number of employers are tapping their captive insurance companies to fund employee benefit risks with a goal of reducing costs. This article reviews the basics, including the main drivers and the US Department of Labor approval process.
May 31, 2017 Read More
  Insurance Claim Form-SF

Claims Handling in Captives

Owners of captive insurance companies have an opportunity to take much greater control of the claims process than with traditional insurance. When this control is exercised via a well-thought-out-and-executed process, the result will be lower costs and a more successful captive. This article discusses some of the key considerations and decision points.
May 22, 2017 Read More
  Primer-Instructional-SF

How To Set Up a Captive Insurance Company: A 5-Step Primer

Interested in forming a captive? This how-to article explores the 5 key steps every risk manager should undertake in creating a captive. While providing the basic elements, links within the article allow you to delve deeper into most of these steps.
April 24, 2017 Read More
  Summit Meeting-SF

The Case for Centralized In-House Loss Control with Captive Insurance

Written by a practicing risk manager, this article outlines some of the potential advantages of embedding centralized loss control within a captive and how doing so can reduce the cost of risk.
March 20, 2017 Read More
  Actuarial Report-SF

A Guide to Actuarial Reports

There are numerous types of actuarial reports, and they can be as different as the actuaries who author them. This article gives guidance on which elements are required and which are a matter of style with the purpose of helping you to better understand actuarial reports.
March 15, 2017 Read More
  Continuing Education 480x377

Forming and Operating a Captive Insurer: A New Course from Captive.com

Captive.com has introduced a third online course on captive insurance addressing the feasibility study, formation, and operation of captives. Continuing professional education and insurance continuing education credit is available in many states.
March 03, 2017 Read More
  Graph Abstract-SF

Why Do Captives Get Credit Ratings?

While the need for ratings by traditional insurers is obvious, it is not so apparent for captives. This article explains why some captive insurance companies go through the credit rating process.
February 27, 2017 Read More
  Accounting Business Acronym RBC Risk-Based Capital 480 x 377

A Primer for Captives and RRGs on Risk-Based Capital

Gain a practical understanding of risk-based capital. What it is, how it is measured, how does ORSA fit in, and how does it impact your captive?
February 07, 2017 Read More
  Conference 600x300

Guide to Captive Insurance Conferences

As we kick off a new year, those who own, manage, or otherwise work with captives are deciding which of the many alternative captive insurance events they will attend. This article discusses the alternatives in general and offers some insights on how to decide which conference(s) to attend.
January 06, 2017 Read More
  Time Marches On

Captive Insurance History Timeline Marches on

The "History of Captives" timeline, which Captive.com was proud to debut in 2016, is evolving. See a summary of new entries and other changes made since it was introduced. Even if you have read it, it is worth coming back to again and again to see it evolve.
December 22, 2016 Read More
  Cybersecurity

5 Coverage Questions for Cyber-Liability in a Captive Insurer

Many captive owners are being asked to consider writing cyber-liability coverage in their captives. The idea has been discussed at numerous captive conferences over the last several years. Additionally, there are dozens of articles available on captive vendor websites that explore the possibility. Reading these articles can lead many owners and board members to conclude that cyber-liability coverage is worthy of pursuing.
December 20, 2016 Read More
  Stock Market

Legitimate Captive Insurance Companies Are Not Driven by Tax Planning Strategies

Here is a message that needs to be delivered to all those involved in advising, regulating, or legislating tax policy: captive insurance companies are genuine risk management organizations that add value to their owners.
December 16, 2016 Read More
  Rental Application

Captive Insurance Basics: A Guide to Rental Captive Insurers

Rental captives are but one form of a captive insurance company. A captive insurer is an insurance company that is wholly owned and controlled by its insureds; its primary purpose is to insure the risks of its owners, and its insureds benefit from the captive insurer's underwriting profits.
December 13, 2016 Read More
  Dynamic Times

Captive Insurance Historical Timeline on Captive.com Is Dynamic

A new Captive.com feature that presents the history of key developments in captive insurance as a dynamic timeline brings back memories as well as serves as an educational tool.
September 21, 2016 Read More
  Company Rating

Milliman Commentary on Captive Feasibility Studies and Emerging Risks

Michael Meehan, a consultant at Milliman, Inc., is featured in an A.M. BestTV video that discusses captive feasibility studies and emerging risks. Meehan is asked by John Weber, the BestTV session moderator, what percentage of feasibility studies eventually turn into captives. Meehan indicates that percentage is high because captive managers have usually performed a prefeasibility study prior to contacting an actuary that demonstrates the feasibility. “Captive managers do a good job in evaluating clients" to determine whether it is feasible for them to have a captive, said Meehan.
August 25, 2016 Read More