|
||||||
|
|
|
|||||
|
|
RRG OVERVIEW PURPOSE OF CAPTIVE INSURANCE As
more and more companies are becoming vigilant in evaluating and understanding
their risk exposures, captives can often provide an alternative to purchasing
insurance from traditional insurance providers. Among the reasons for forming captives
include: |
|
||||
|
|
·
Claims Direct Management ·
Meeting the company’s unique exposure needs. ·
Control over service providers, claims settlement isues,
and policy language. ·
Providing a tax-efficient self-funding mechanism. ·
Minimize cost through efficient insurance product
delivery, reducing the impact of the insurance industry’s underwriting price
cycles. ·
Direct access to the reinsurance market. ·
Providing opportunities for the company or the Industry
Group to centralize the risk management function. ·
Increasing control over funds flowing through the
organization through possible tax benefits. ·
Creating a viable profit activity. ·
Potential profit center that captures investment income. ·
Stabilizing the availability and affordability of
insurance. |
|
||||
|
|
|
BACK – USE ARROW TO PRINT USE PRINT PREVIEW |
||||
