Captive Services
At Active Captive Management, we believe that Captive Client Services are not relegated solely to formed captive relationships; rather our customized Captive service begins at the initial conversation with our client’s.
Active Captive Management’s highly skilled team of professionals understand that the key to proper captive evaluation begins with a detailed analysis of our clients business entity, risk exposure and financial benefit of selecting a risk alternative solution.
Our firm provides comprehensive management services encompassing, insurance policy underwriting and administration, claims processing, company accounting and captive regulatory compliance management.
Industries We Serve:
- Automotive
- Agricultural
- Construction
- Distribution Services
- Energy Technologies
- Engineering
- Financial Institutions
- Franchising
- Fuel and Oil
- Food and Beverage
- Farming
- Grocery
- Healthcare
- Hospitality
- Manufacturing
- Medical and Dental Professionals
- Mining and Materials
- Nursing Facilities
- Real Estate Development
- Storage Facility Management
- Transportation
- Technology
Services Include:
Captive Consultation
ACM prides itself on providing a viable captive alternative that is well understood and managed. The Captive Insurance evaluation and alternative risk transfer process can appear daunting without the right expertise and experience to properly review your business group needs and deliver a cost-effective analysis of the risk and financial benefit of captive management.
Feasibility Analysis
Define the viability of forming and operating a captive. This includes an evaluation of business risk, both insured and uninsured, and working with an actuary to determine the capital and premium needs associated with insuring these risks. Most companies do not have coverage for many major risks they face either because the companies have made a decision not to buy such insurance or it is unavailable. We then determine the viability of operating and maintaining a captive within your organizational structure. The feasibility analysis culminates with our recommendation concerning the need for a captive within your business structure.
Design and Development
In the development phase we design a captive structure specifically for your business needs. This includes the operational structure for your captive, specific types of risk to be insured, and the determination of market premiums and capitalization requirements.
Implementation
Implementation of your captive structure requires a well-defined and coordinated process to achieve captive approval.
- Domicile Selection, Submission and Licensing Approval
- Company organization and capitalization guidance
- Insurance Policy and Premium Analysis and Subsequent Underwriting and Claims Management
- Regulatory Compliance Review
Management
Effective and efficient management of your captive is key to achieving the benefits of alternative risk management. We will manage the day-to-day management of your captive from an operational and regulatory perspective. We interact with actuary and tax return preparers.
Active Captive Management and its affiliates performs all of the necessary functions on behalf of your captive, including:
- License Application Process
- Company Organization
- Annual Risk Assessment
- Underwriting Policy Administration
- Business Plan Revisions
- Financial Forecasts
- Claims Management
- Regulatory Compliance
- Regulatory Exam support
- Solvency Assessment
- Interact with Actuary, Tax Return Preparer, Auditor and Asset Manager