Industry Challenges
Hard markets are when risk managers reap the benefits of the strategies implemented during soft markets. The hallmarks of hard insurance markets are decreased limits of liability, restricted coverage, and higher premiums. Create your hard market insurance strategy in the soft market and protect your equity by stabilizing limits of liability, coverage offerings, and premium levels while earning investment income and realizing underwriting profits. The Internal Revenue Code allows companies of all sizes to realize the benefits of a captive insurance company.
Our Services
Crowe Horwath LLP is experienced in evaluating a company’s insurance needs and determining the most appropriate captive solutions:
- Single-parent captive insurance company;
- Group captive insurance company;
- Section 831(b) captive insurance company for medium-sized companies;
- Protected-cell insurance company.
We will perform the following services:
- Legal formation of the captive based on a company’s organizational structure;
- Insurance analysis and determination of coverages to be included in the captive;
- Evaluation of the various captive domiciles and the documentation of the advantages and disadvantages of each;
- Development of a captive business plan;
- Tax analysis of a proposed captive insurance company;
- Development of prospective financial statements;
- Implementation with a domicile’s captive insurance company regulators;
- Evaluation of captive management, audit, tax, actuarial, and claim management vendors.
