Ventiv Resource Library
Issue link: https://ventiv.uberflip.com/i/555947
CAPTIVES Recent years have seen healthy growth in the number of new captives established. More than ever, parent organizations appreciate the value of having their very own insurance companies. With that appreciation, however, come greater expectations. Parents want their captives to deliver value and contribute to the company's strategic objectives. What's more, increased regulation and governance over both captives and their parents makes solid reporting and efficient operations an imperative for captive managers. Now more than ever, captive managers need control, auditability, efficiency, and transparency over the entirety of their operations. Effective management of your underwriting entries can be beyond your existing systems; RiskConsole helps automate the handling of policy, premiums, claims and associated transactions to improve captive, corporate and regulatory reporting. It all starts with data: RiskConsole gives you access to your data in a structured, auditable and reliable way needed for reporting, auditing and analytic activities. Ventiv designs each captive's solution after extensive consultation and discussion. Your RiskConsole is built to accommodate the factors unique to your type of captive, the program structures in place, the countries in which your captive operates and the parent's expected reporting from your captive. Information flows are the captive's lifeblood. Ventiv has the experience and expertise to seamlessly integrate RiskConsole with both your internal systems (such as your captive's accounting system) and external systems (including carriers and TPAs). RiskConsole helps you improve the effectiveness of data management while empowering you to align with the corporate risk management strategy and satisfy the reporting needs of your parent. RiskConsole also helps you meet regulatory and corporate-governance reporting requirements and growing risk management requirements plus manage program complexity. Ventiv's winning product: The Combined Corporate & Captive Risk Management Solution