Forming and Operating a Captive Insurer Involves Constant Change
From:, April 23, 2019

Captive insurance companies should be in a continual process of evaluation, according to a panel of experts at this year’s Captive Insurance Companies Association (CICA) annual conference.

Beyond the initial captive feasibility study undertaken with a captive insurance company formation, captive owners should continually be reviewing and evaluating their captive program’s exposures, coverages, and limits of liability to determine how these impact the capital in their captive, the experts said.

While some business plan changes may not be as involved or as time-consuming as an initial captive formation, Anne Marie Towle, executive vice president and captive consulting practice leader with JLT Insurance Management, said, “You don’t stop at just one [captive] feasibility study. Every time you are evaluating a line of coverage or expanding your captive, you [should] do a ‘refeasibility’ study. You are reengineering.”

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