Asia Pacific
A beginner's guide to setting up a captive insurance company for your business

Free Download: An introduction to captives

 

Captives can provide several advantages to organisations in all industry groups and geographies and are an effective way to take financial control of insurance allocations and manage risks.

Aon’s 2015 Global Risk Management Survey showed an increase in captive owners in the Asia Pacific region, increasing from 17 percent in 2013 to 23 percent in 2015. Globally, the same trend was seen.

Predominantly, organisations use captives as a strategic risk management tool that facilitates greater control over their risk programme, particularly around policy terms and conditions. Other reasons for establishing a captive include; cost efficiencies, reduction of insurance premiums, access to the reinsurance market and tax optimisation.

However, before deciding to establish a captive, companies need to carefully consider the capital commitment, the risks of adverse results, operating costs and the commitment required from the management team.

For this reason, Aon has put together this introductory guide to captives, which will help you to:

  • Determine if you need a captive
  • Understand why organisations are increasingly investing in captives
  • Discover the different ways to structure a captive
  • Understand what’s involved in setting up a captive
  • And, learn about the outsource services that will be required

 



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