Vanuatu
Captive Insurance Services Ltd.
What is Captive Insurance?
Captive Insurance is a form of regulated self-insurance whereby you retain the underwriting profits as opposed to losing them to your current insurer.
A Captive is
Sophisticated organisations are continuously looking to develop successful risk financing strategies, and many utilise a Captive to achieve this goal.
Every organisation has its own specific approach to assuming risk, but often those companies that want to maintain a large degree of control with regard to their group risk and insurance spend seek to form a Captive. The most successful captives are those where the parent views the captive as a long term strategy. This has been borne out by those companies who have operated captives for a number of years.