Internal Education is Key to Captive Insurance Success
- Actomate
- Jul 23
- 1 min read
A panel at the World Captive Forum emphasized thorough internal education across departments—risk, finance, legal, HR, IT, and executives—as a foundation for successful captive programs. Companies should begin by clearly defining risk appetite and objectives, using feasibility studies and actuarial support to guide strategy. Secure early buy-in by regularly engaging senior leadership with concise executive summaries and supporting data. Ongoing reporting—quarterly or semiannual reviews—and structured board education ensure alignment and continuity even when key roles change. Treat the captive as a standalone entity with its own governance and regular coordination with service providers, reinforcing transparency and sustained performance.
Source: Captive.com
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