A Captive is a risk transfer vehicle that allows a business to create its own insurance company. Captives offer an alternative to traditional insurance markets.
A Captive is a risk transfer vehicle that allows your clients to create their own insurance company.
Your clients pay premiums to the Captive that are invested on their behalf when not needed for claims.
Allows for custom coverage solutions to properly insure complex risks.
A traditional insurance company is owned by its shareholders.
Financial benefits go only to a traditional insurance company's shareholders, not to your clients.
Traditional insurance companies often have pre-set packages, leaving little flexibility for complex risks.
For Captives, broker fees are annual, with the initial fee paid upfront. Once a Captive is set up, a client does not typically leave, potentially "locking in" income for years.
The Foresight team needs about six months to set up a Captive. The process begins with a feasibility study.