In a recent article published by Captive International, Jason Luckett and Ben Brandon of Risk Strategies Consulting look at what happens when a captive sees the need to employ another actuary.
Captive insurance companies can be a great tool, as they are uniquely capable of meeting the specific insurance needs of the parent company. However, their use may involve risks that fall outside the captive’s appointed actuary’s qualifications and experience. In these cases, it is important for the appointed actuary to be able to utilize the expertise of another actuary so that the captive understands the financial impact of its entire risk portfolio.
As a reminder, SIGMA's Captive Overview brochure presents a high-level captive overview, and addresses fundamental questions, such as “What is a captive insurance company?”, “Why would I use a captive over traditional insurance?”, and “How do I form a captive?”. Get your copy today by clicking the link below.
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