HEALTH CHECK
effectively align YOUR operational and strategic objectives
Are you the owner of a captive insurance company? Is your captive still effectively aligned with your operational and strategic objectives? Has it been operating as efficiently as anticipated? In light of heightened scrutiny, corporate governance standards, regulatory requirements, and a hardening insurance market, it’s crucial for captive owners to reassess their captive insurance entities. This reassessment ensures that the captive continues to serve its intended business purpose, incorporates leading practices, and identifies potential improvements to enhance its financial, tax, and risk management performance.
When you engage in a captive health check with IML, our team of experts will thoroughly examine your captive to ensure optimal performance across various critical areas:
CAPTIVE INSURANCE HEALTH CHECK
Analysis
An analysis of current insurance market conditions to pinpoint specific challenges likely to impact the captive’s role within corporate insurance programs.
CAPTIVE INSURANCE HEALTH CHECK
EVALUATE
Evaluation of the parent company’s current goals, strategies, and risks, considering how the existing captive supports and strengthens risk management strategies.
CAPTIVE INSURANCE HEALTH CHECK
REVIEW
Review of the parent company’s existing (re)insurance programs to identify opportunities for increased or expanded captive involvement.
CAPTIVE INSURANCE HEALTH CHECK
ASSESS
Assessment of opportunities for capital, investment, and treasury efficiencies.
CAPTIVE INSURANCE HEALTH CHECK
EXAMINE
Examination of the captive domicile to confirm its continued alignment with the parent company’s business objectives.
CAPTIVE INSURANCE HEALTH CHECK
COMPLY
Review of the current regulatory landscape to ensure ongoing compliance with domicile laws and regulations.