Captives and the Management of Risk

Reference At-A-Glance

Understand the Pros and Cons of Captives

Captives and the Management of RiskAuthor: Kathryn A. Westover
2nd edition
Pages: 228
Includes: Bonus Publications
See the Table of Contents

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Description

This 228-page book will help you understand what captive insurance is, and why it is used in the risk management process. It reveals the types of risk that can be handled by captives, why captives can be effective as a risk management tool, tax and accounting considerations, how to determine if a captive is feasible, how to choose a domicile, and how to manage and operate a captive.

Westover will guide you to answer the question every risk manager should be able to answer (or every broker should be able to explain for their client: "If I have a captive, why? If I don't have a captive, why not?"

Features and Benefits to You

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more info Agents, Brokers and Account Support Staff

  • Will help you advise clients on whether or not they are a good candidate for a captive.
  • Answer tough questions posed by your insureds.
  • Great instructional tool to help learn about captives and the types of accounts that fit.

more info Risk Managers, Financial Executives & Insurance Buyers

  • Evaluate whether or not your firm might be well served by a captive.
  • Utilize the formula provided to choose the best domicile for your captive.
  • Learn how to manage and operate a successful captive.

more info Underwriters

  • Will help you advise on whether or not an insured is a good candidate for a captive.
  • Answer tough questions posed by your agents/brokers and insureds.
  • Great instructional tool to help learn about captives and the types of accounts that fit.

more info Attorneys

  • Learn captive basics to enable you to provide good advice to your clients.
  • Develop an understanding of how to evaluate the feasibility of a captive.

more info Consultants

  • Understand the elements of a through feasibility study.
  • Help clients choose the best domicile for their captives.
  • Provide solid advice on captive management and operations.

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