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Captives and the Management of Risk - Print Edition

By: Kathryn A. Westover
Captives and the Management of Risk - Print Edition
Quantity

Captives and the Management of Risk - Print Edition

Product type: Book

Publication Date(s): 2002, 2006, 2014

Edition: Third

Bulk Discount
  • buy 5 to 9, save 15%
  • buy 10 to 24, save 20%
  • buy 25 to 49, save 25%
  • buy 50 and above, save 30%

Summary

Reveals the types of risk a captive can handle, how to determine if a captive is feasible, how to manage and operate a captive, and more!

This new third edition, 264-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?"

Captives and the Management of Risk covers these topics.

  • Introduction: Alternative Risk Financing Mechanisms
  • Understanding Risk
  • Insurable Risk
  • Managing Risk
  • Financing Risk
  • Captives as Risk Retention Mechanisms
  • Reducing Risk Financing Expenses
  • The Financial Impact of Captive Insurance
  • Captive Retention Management Policies
  • Captives as Risk Transfer Mechanisms
  • Protecting the Captive
  • Captive Reinsurance
  • Nonconsolidated Options
  • The Legal Environment of Captive Insurance
  • Forming a Captive
  • Operating a Captive
  • Future Directions

Download Table of Contents

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.

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.

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.

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.

Consultants

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

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