CIC Targets Mid-Market with New Programme
Captive Review covers CIC service’s new mid-market captive insurance program.
Captive Review covers CIC service’s new mid-market captive insurance program.
In today’s digital world, AI-driven disinformation is emerging as a significant threat to businesses, with the potential for severe reputational, financial, and legal consequences.
In today’s fast-changing world, businesses face an increasingly complex risk landscape, from cyberattacks to regulatory shifts and extreme weather events. Navigating these challenges requires a proactive approach to risk management that balances short-term gains with long-term resilience. Learn more about how to safeguard your business by reading the full article by Randy Sadler of CIC […]
As the energy sector grapples with the increasing risks of stranded assets amid tighter environmental regulations, captive insurance is emerging as a vital strategy for financial stability and supporting the transition to renewable energy. Captive insurance offers tailored solutions that traditional insurance cannot, helping companies manage complex risks and secure their future. To explore how […]
Businesses who implement ERM programs combined with a captive to plan for unforseen risks stand a better chance of surviving, and passing to the next generation.
Captive owners can leverage their ERM and captive programs to improve their negotiating ability when renewing their commercial insurance coverages.
Profitable captives will see their reserves grow over time to significant sums which can be utilized by their owners for retirement or other life cycle needs.
Insurance companies are the only entities allowed to expense projected future expense against current-year revenues (claim reserves). Small captives (premiums of $2.2M or less per year) may also elect to only be taxed on their investment income, potentially resulting in substantial tax savings for their owners.
Utilizing your captive to reduce or replace your commercial insurance coverage with policies issued by your captive allows you to capture insurance profits previously realized by the carriers.
Adding a captive and ERM program will result in a higher awareness and enhanced strategies for how your organization thinks about and plans for all risks.
The assets held by a properly organized and managed captive enjoy a very high degree of protection from both the business’ and business owner’s creditors.