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Home > Financial Information Sources > Corporate Insurance > Captive Insurance Companies in Risk Management

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Captive Insurance Companies in Risk Management

Florian Klingenschmid
Saarbrücken, Germany: VDM Verlag, 2008
68pp, ISBN: 978-3-639-01170-8

This explores captive insurance as an innovative form of alternative risk transfer, and how companies use it to manage their risks effectively. It explains the basics of captive insurance, the different types of captives, why they are created, and the international features of the industry, as well as focusing on the influence that captives have on the risk management and credit rating of their parent company.

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Captive Insurance Companies in Risk Management: Captive Insurance Companies and Their Influence on the Risk Management and the Rating of the Parent Company

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Product Description

The world is getting increasingly complex and interconnected. Consequently it is very important for companies to manage and control their risks efficiently. Traditional risk management tools such as commercial insurance or securitization have been deemed insufficient and therefore new instruments were necessary. These are the so-called Alternative Risk Transfer and Alternative Risk Finance methods. The most widely used form is Captive Insurance.The first part in this book explains the basics of captive insurance. Different types of captives, reasons for foundation and the international captive market will be discussed.An analysis of the influence that captives have on the risk management of their parent company is the second part of the book. Companies that have founded captives recently will be examined in order to see possible influences.The last part takes a look at how captives influence the credit rating of the founding company.The theoretical and practical approaches used in this book will give the reader a solid understanding of the function and use of captives in risk management.

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