Articles
For the 5th Consecutive Year, Captives Make IRS "Dirty Dozen" List
For the fifth consecutive year, abusive micro-captive insurance companies found their way to the Internal Revenue Service (IRS) annual "Dirty Dozen" listing. Where last year's listing told taxpayers to be wary, the IRS uses a more aggressive tone in the 2019 listing. Read More
Captive Compliance 101: A Checklist for Maintaining a Healthy Captive
Making sure that your captive insurance company is bulletproof begins with verifying it is set up for the right reasons. This article discusses areas that an active captive insurance company should review frequently to remain compliant and in good shape. Read the latest from Management Services International. Read More
The Data Revolution in Actuarial Science
A new white paper by Milliman discusses the development of an actuarial technique involving the use of individual claims data to build loss reserve models. We offer commentary on this new technology and why it should be of interest to captive insurers and their board members. Read More
Upping Your Governance Game Plan
We recently reviewed the report from the Strategic Risk Solutions corporate governance survey. While the overall results are encouraging, it is clear the captive community still lags behind our commercial competitors when it comes to good corporate governance. Read More
The Challenge of Harnessing Data within Healthcare Liability Captives
Breaking down claims data silos to bring various data sets together in healthcare systems requires a systematic approach, according to a panel of experts who recently spoke at the World Captive Forum. Read More
First Impressions: SRS Governance Survey
We provide a review and opinion on the recent Strategic Risk Solutions (SRS) captive corporate governance survey. We note where captives are falling short of best practices and also offer some thoughts for how captive insurers might improve. Read More
KBRA Perspective: Captive Insurer Rating Methodology
Kroll Bond Rating Agency (KBRA) says that different rating agencies have their own specific methodologies and perspectives. KBRA describes motivators for captive insurance companies to obtain credit ratings and discusses their own rating methodology. Read More
Reserve Mechanical Contemplation and Further Discussion
Alan Fine of Brown Smith Wallace contemplates the conclusions reached and supporting rationale used by the US Tax Court in the second small captive case, "Reserve Mechanical Corp. v. Commissioner of Internal Revenue," and believes there are a few areas that continue to warrant discussion. Read More