Aon  |  Professional Services Practice
Captive Insurance

A captive insurance company is an insurance vehicle which primarily insures the risks of its owner or owners. Professional Service firms (such as law firms, accounting firms, consulting firms, and design & construction firms) have been employing captive insurance companies, in their various forms, for many decades – particularly in connection with the risk financing of professional liability.

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Captive Underwriting Strategies: An Expanded Risk Appetite?

September 2022 - The COVID world has stimulated thinking around the nature of risk and the significance of unexpected and severe external shocks. This has coincided with the firming of the insurance market after a long soft market cycle.

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Professional service firms use captives in numerous ways, including:

  • acting as a risk retention entity
  • as a risk sharing vehicle
  • in the creation of risk capacity where it may not be readily available in the commercial insurance market

Firms have used single parent captives, group captives and protected cell companies to facilitate achieving their risk financing and risk management objectives.

We have compiled valuable information on captives for professional service firms and are able to provide highly customized captive consulting services, as well as segment-sensitive actuarial modeling.