Mastering risks and costs is essential for companies who are now more than ever experiencing new constraints and challenges triggered by recent developments in the insurance and reinsurance markets.
Constant growth in terms of premiums in the European insurance market is impacting companies’ coverage requirements negatively and businesses are facing high volatility in premiums, reluctance of insurers to cover specific risk areas and the appearance of new risks.
This has in turn influenced the behavior of companies in their selection of the captive’s domicile by reviewing business considerations such as regulation and infrastructure, the regulatory body's effectiveness and the convenience of the location accordingly.
Achieving more effective cost and risk management through alternative risk financing and the implementation of a risk mitigating policy are all essential tools to preserve company’s value and restore investor’s confidence.
Among these alternatives, the captive presents numerous benefits, notably in terms of monitoring and costs reduction as well as the ongoing tracking and integration of risk management policy at a consolidated level.
Every industry group and organization, not only financial institutions, health care and retail, can virtually use captives. Captive industry experienced growth in total numbers around the world. Having seen a recent increase in interest in captives the Asia-Pacific region might very well become a key area for captive growth in the future. With captive laws recently enacted in Bahrain, Dubai and Qatar, the Middle East should be an area of captive growth in the years ahead as well.
A careful study will be held on who wins the "battle", not only between the individual jurisdictions, but also between on-shore and off-shore regimes.
This event will cover the following jurisdictions:
Barbados, Bermuda, Cayman, Ireland, Luxembourg, Malta, Switzerland, United Arab Emirates, British Virgin Islands, Guernsey and Isle of Man.
The following topics will be highlighted during the event:
- Q&A about operating a Captive:
- Identify key cost drivers
- Required resources
- Processes
- Integration of claims resources
- Performance standards
- Guarantees
- Quality evaluation
- Maximize Efficiency and Cost Savings
- Captive’s Composite Risk Profile
- Cost reduction.
- How will Economy affect the operations and regulation of my Captive?
- Current developments in captive taxation, rules and regulations. Can they be a good business tool for your company?
- Regulatory threats: Is your captive in the best domicile? Re-locate?
- U.S. domicile for captives looking to tap the U.S. government's terrorism reinsurance backstop
- Current Issues on SAC.
- The Rent-a-Captive alternative.
Glossary
