High quality captive design, formation and management services.
Call our managing director for a free consult: 1.602.677.7578

Strategic Captive Review

Our captive independent review service is designed for existing captives.  All captives would benefit by an independent review. These reviews need not be expensive, and start for as little as $2,500. Captive managers would be well served by such a strategic review of their practices and procedures as our experience could prove invaluable in identifying areas of improvement.

Some of the potential benefits of an independent captive review include:
  • assessing the overall enterprise risk management processes and procedures;
  • evaluating the economic and business benefits of the captive program;
  • improving corporate governance practices;
  • improving underwriting and risk coverage decisions;
  • preparing the captive for insurance department examination;
  • preparing the captive for  revenue department examinations;
  • evaluating how best to wind up a captive (learn more on that here).
The key components of a captive strategic review are:
  • review current operations - financial performance, actuarial reports, tax reporting, operational controls and division of duties
  • review regulatory and other legal communications
  • review corporate book, actions of board and shareholders, and all captive contracts
  • review current commercial insurance coverages
  • review loss runs of commercial and captive lines of coverage
  • review any applicable risk management and safety programs
  • conduct conference calls with captive owners, managers, underwriting team and insurance advisers
  • assess any captive program and operational deficiencies
  • assess impact of any conflict of interest transactions
  • review investment policy and investment position compliance
  • assess business and economic benefits 
  • assess potential areas for expansion of the captive program
  • summarize findings & recommendations
Contact Us if interested in an estimate to perform a strategic review of your captive program.

Learn about our Feasibility Study and formation services by clicking here.
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