THE CAPTIVE INSURANCE COMPANY'S GUIDE 12
GLOBAL ENERGY COMPANY
A leading U.S.-based global energy company, a major player in all aspects of oil
and gas as well as geothermal energy, was involved in multiple joint ventures
across the globe with an international team managing insurance for global
programs and ad-hoc projects. The company needed to report on insurance
costs on a total joint-venture level. The company also needed to report on their
corporate net position as well as their captive net position and the position of
any participating players in the commercial insurance and reinsurance market.
Ventiv IRM™ has met the company's needs and delivered benefits that include:
• Ability to report on premium expenditures between corporate joint ventures
and then through into their captives (gross and net), plus corporate spend
versus commercial market expenditure.
• Replacement of numerous Excel spreadsheets, which neither supported
reporting needs nor contributed to stable business continuity.
THE CAPTIVE INSURANCE COMPANY'S GUIDE 12
