RISCS CAPTIVE FORMATION CONSULTING
To ensure that the captive formation process runs as smoothly as possible, clients should allow up to 6 months from the decision to proceed with a feasibility study to the day when the captive is incorporated and issues its first policy.
Of course, the timeline can vary – the shortest time it has taken us to establish a vehicle is 8 weeks and the longest just over a year. The following diagram explains some of the workflows and attendant time scales.
Our captive formation consulting service covers:
Project management and business planning
Negotiation with regulators, managers, reinsurers and fronting carriers
Liaison with lawyers, accountants, bankers
Captive rating considerations
RISCS provides independent, innovative, strategic risk consultancy to brokers, underwriters, corporates, and captives across the world. Drawing on decades of experience in the global captive and ART industry, we work with our clients to build an individual RISCS Strategic Risk Pathway. Delivering a range of services and knowledge from the very first tentative self-insurance steps through to full captive operation and protection, we work with and support our clients every step of the way.