Strategic Risk Solutions Unveils Captive 360°

Strategic Risk Solutions (SRS) has deployed Captive 360°, a new strategic planning and execution service led by senior SRS staff to meet the strategic planning needs of captive insurance companies.

"We have launched this new offering in response to client feedback and marketplace needs," said Brady Young, SRS president and CEO. "Captive owners want additional assistance evaluating strategic options to maximize the value provided to parent organizations. I am delighted to introduce Captive 360° to meet this demand."

The offering was developed to stimulate interaction between all the captive's stakeholders to ensure key strategic opportunities and challenges are identified. Captive 360° is a comprehensive, holistic review of all aspects of a captive's operations, not just what additional coverages a captive can write or other risks faced by its insureds. The service is designed to be delivered efficiently—in terms of expense and time required of captive owner executives and board members—to any captive, regardless of captive manager.

"Building a useful strategic plan, as challenging as that can be, is not enough," according to Jesse Olsen, SRS Advisers director and Captive 360° facilitator. "Execution and accountability are key. I am eager to deploy Captive 360° for the benefit of captive stakeholders."

SRS has partnered with LIGHTSTANCE, a cutting-edge management consulting software company, to execute and support Captive 360°. According to Lamont Thurston, CEO, "We are very optimistic about the blending of SRS's expertise applied through our proven process, software, and materials. This combination produced Captive 360°, a first of its kind approach to strategic planning for captives."