Feasibility Analysis

Fact-Finding Discussion

This is a discussion to establish a clear understanding of your objectives for a captive. These ongoing discussions will be held at a frequency best suited to you.

Initial Review

This is a back of the envelope check to see if proceeding makes sense. We have no problem advising our clients that a captive may not be the right fit for them.

Initial Program Design

Actuarial Works

We will present you with an outline of the proposed structure based on all the facts gathered to ensure it meets your requirements and expectations including domicile selection where appropriate.

An actuarial valuation of the losses necessary for internal pricing, regulatory review, and financial projections may be performed by our actuary or one of your choice.

Financial Projections

Market Confirmation

We will provide you with five year proforma financials using your loss data, payout patterns, and estimated premium.

We will engage in market discussions to estimate the costs for fronting, reinsurance, and collateral requirements.

Capital and Collateral Assessment

We will make some comparisons with your current program or other possible structures.

Business Plan Development

Assisting or writing a business plan which is necessary for a variety of reasons. Drafting the business plan is sometimes expanded to include various documents like Dividend Policy, Investment policy etc.

Cost-Benefit Analysis

Based on market discussions, regulatory requirements, or other criteria, an assessment will be made of capital/collateral requirements.

Identify Service Providers

With domicile knowledge we will assist in provider selection.

Draft Policy Wording

Where policies are being written direct we will assist with policy wording. Where there is a front normally the insurance company has pre-approved wording and the same is true of reinsurers, We are happy to assist in reviewing these documents.

Application to Regulatory Body or Rent-a-Captive

We will assist in putting together a full application which depending on the chosen domicile and approach will vary considerably