Communicating Before Changing Your Captive Insurance Program: Why It Matters

When a business plans to adjust its captive insurance program, proactive communication with the captive manager is essential. In our latest video, Courtney Boles of Management Services International explains why notifying the manager early helps avoid regulatory challenges and ensures the decision aligns with the captive's long-term goals. Changes made without advance discussion can raise concerns for regulators, affect financial reporting, or hinder compliance obligations, making timing and transparency critical.

By speaking with the captive manager first, owners may also uncover alternative strategies that better serve operational needs. For example, a request for a dividend may open the door to different approaches depending on renewal timing or capital needs. The video notes that regulators, captive managers, and other stakeholders all aim to support the captive's success—but proper procedures and planning are necessary to do so effectively. Early discussions also help owners understand the steps involved in certain changes, such as officer updates, before deciding how to proceed.

📺 Watch the full video on Captive.com to understand how communication supports smoother captive governance and stronger outcomes.

Communicating Changes in Your Captive Insurance Program: What to Know First