Core Capabilities and Services

AS INCUMBENT OR EXTERNAL CONSULTANT

STRATEGIC CONSULTATIONStrategic Consultancy

Captive concept

Work with you and fully understand your business:

  • Assist in identifying whether a Captive could be a suitable risk financing option for your business
  • Help to build your knowledge and understanding of the available Captive management options

Line of Business review

Risks and appetites change, and so should your Captive:

  • In-depth analysis of your current Captive and recommend potential additional lines
  • Using analytics to make informed quantifiable recommendations to retain or transfer
  • Use our internal knowledge of other Captive solutions and the alternative risks housed in Captive vehicles

Retention assessment

What levels of exposure should you retain?

  • Retention levels also change over time for a number of reasons including legislations, shareholding and general insurance market trends and pressures
  • Review of established Captive, considering appropriateness of existing insurance lines and retentions

(RE)FEASIBILITY STUDYFeasibility Study

Viability

Is a Captive right for your business or is your current Captive sustainable?

  • Review current insurance programme & consider the most efficient way of financing the risk and benefits that may be available by establishing a Captive vehicle
  • Describe the intangible benefits brought by the ownership of a Captive based upon our experience of operating a large number of Captive vehicles

Domicile assessment

Where could you setup a Captive? Where is your existing Captive? Should you move locations?

  • Matrix recommending certain domiciles based on your priorities and our experience
  • Individual in-depth reports for each domicile that we operate in
  • Latest interpretation of the legislative and fee framework
  • Explain our choice of domicile locations and our experience and skill sets in each

Existing structure & operations

What structure works best and are improvements possible?

  • Access to a suite of analytics capabilities to provide a detailed ‘health check’ of your Captive solution
  • Investigate how we can help you to streamline your structure and operations to get more out of your Captive vehicle

JLT INSURANCE MANAGEMENT AS MANAGERS

FORMATION & LICENSINGLicense icon

Incorporation/Establishment

How to deliver your chosen Captive solution to meet your risk financing needs:

  • Deliver against the critical path required to move from the design stage to the establishment of a Captive vehicle
  • Arrange setup (‘incorporation’) of the Captive vehicle to be licenced

Licensing application

Helping you to meet and comply with the regulator’s insurance requirements:

  • Arrange meetings with regulator and prepare business plans in accordance with the regulator’s requirements
  • Submission of the licence application to the regulators
  • Management of regulator queries and requests

Service provider

Offering a review of potential service providers and facilitate engagement:

  • Undertake service provider reviews/interviews and arrange engagements
  • Initiate meetings with the client service team that will provide on-going management support
  • In line with your needs we would suggest a higher frequency of meetings during early stages of establishing your Captive vehicle

FULL MANAGEMENTManagement

Governance

Monitoring and compliance with all regulatory requirements and capital solvency/liquidity ratios:

  • A significant aspect of a Captive management engagement is management accounting and reporting
  • Internal reporting support and delivery including financials, underwriting & claims and risk registers (if necessary)

Audit compliance support

Ensuring you remain regulatory compliant and abreast of updates:

  • Preparation and delivery of financial reporting
  • Completion of regulatory and statutory annual returns and submissions
  • Meeting planning and minute preparation
  • Production of and adherence to internal and regulatory operating and procedure manuals

Underwriting & Claims support

Supporting your strategic objectives with expert advice and best practice procedures:

  • Provide a consultative approach to programme design and strategic planning in line with your risk appetite
  • Advice on lines of business including emerging coverage with limited market capacity
  • Evaluating the Captive’s risk exposures
  • Provide expertise to tailor underwriting protocols and draft bespoke re/insurance policy wordings
 
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