Predict
04
Products
03
Processes
02
People
01
Risk Management Information Systems for Captive Insurers
Creating and developing a successful captive insurance company is not an easy task. Every
captive will have different needs, which is why it's so important that the process of selecting
and implementing a technology solution should be a consultative one based on extensive
discussion and exchange of information. The system design will vary based on factors
unique to each captive, including the captive type, the program structures in place, the
countries in which the captive operates, and the parent organization's expectations for the
captive.
It is recommended that the best practices for captive insurance is to support the 4 P's –
People, Processes, Product, and Predict.
1. People
Captive insurance
companies need a
talented team of
experts with in-depth
experience in managing
complex risks across
multiple jurisdictions
and countries.
THE CAPTIVE INSURANCE RENAISSANCE | 5
