Conducting a feasibility study is an important part of determining whether a company should form a captive insurance company or join an existing captive insurer. In this video, Brady Young of Strategic Risk Solutions describes the key factors that should be considered in a captive feasibility study. These issues include studying the risk retentions in the current program, comparing all the risk finance alternatives that might be used, examining expected results over time with best- and worst-case financial pro forma statements, assessing the federal and state tax impact, and researching domicile options.