About This Product
Captives and the Management of Risk reveals the types of risk a captive can handle, how to determine if a captive is viable, how to manage and operate a captive, and more!This resource will help you understand what captive insurance is and why it is used in the risk management process.
It reveals the types of risk that can be handled by captives, why captives can be effective as a risk management tool, tax and accounting considerations, how to determine if a captive is suitable, how to choose a domicile, and how to manage and operate a captive.
Author Kathryn Westover will guide you to answer the question every risk manager should be able to answer (or every broker should be able to explain for their client): "If I have a captive, why? If I don't have a captive, why not?"
Captives and the Management of Risk covers these topics.
- ]Introduction: Alternative Risk Financing Mechanisms
- Understanding RiskInsurable Risk
- Managing Risk
- Financing Risk
- Captives as Risk Retention Mechanisms
- Reducing Risk Financing Expenses
- The Financial Impact of Captive Insurance
- Captive Retention Management Policies
- Captives as Risk Transfer Mechanisms
- Protecting the Captive
- Captive Reinsurance
- Nonconsolidated Options
- The Legal Environment of Captive Insurance
- Forming a Captive
- Operating a Captive
- Future Directions
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