Podcast Focuses on the Unique Benefits of Group Captive Ownership

A new IRMI Podcast episode on the International Risk Management Institute, Inc. (IRMI), and Captive.com Captive Podcasts page features Jim DeWulf of Captive Resources discussing the benefits of group captives.

Mr. DeWulf is chief product officer at Captive Resources, responsible for ensuring the long-term success of each captive that Captive Resources supports. 

In this 23-minute podcast episode titled "The Unique Benefits of Group Captive Ownership," Mr. DeWulf offers insights into key strategic moves to shift liabilities off balance sheets and gain significant cost savings for the captive through the consolidation of incurred but not reported claim liabilities and enhanced group purchasing power.

Podcast listeners will be led through the world of group captives and shown the invaluable benefits that owner control brings to organizations. Mr. DeWulf also addresses the coverage challenges faced by group captives and reveals how harnessing purchasing power can lead to premium savings, predictability, and cost smoothing.

Mr. DeWulf also discusses such concepts as heterogeneous and homogeneous group captives, member ownership, common shareholder, preferred shareholder, commutations, novations, and internal tail funds, explaining how the latter three can be used to close open policy years.