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The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

A FREE 12-page special report from Captive.com

The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance explores the challenges presented by today's business and economic upheaval, as well as the hardening insurance market, and what it means for the captive insurance industry.

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Do Financial Exam Costs Vary Significantly by Domicile?

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July 02, 2015

The July 2015 issue of Captive Insurance Company Reports (CICR) features an excellent article on risk retention group (RRG) financial exam costs. The article is based upon research performed by Pinnacle Actuarial Services and written by Erich A. Brandt, Greg Fears, and Robert J. Walling III, actuaries at Pinnacle Actuarial Services in Bloomington, Illinois. 

Pinnacle Actuarial Services gathered data for the article from the "Total Insurance Department Licenses and Fees" category from Part 3 of the Underwriting and Investment Exhibit, by RRG, along with domiciliary state. The sample Pinnacle selected for the research was 149 small to medium-sized RRGs. A large percentage (88 percent) of the companies selected had 2014 premium volume of less than $25 million.

The authors of the CICR article suggested that "captive managers and captive owners should make sure they understand how their selected domicile deals with financial examination costs.” The Pinnacle Actuarial Services research found substantial differences in average financial examination costs by domicile.

The full article is well worth reading. If you don’t already subscribe, order CICR on Captive.com’s secure server.  

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