Sponsored by the New Jersey Captive Insurance Association
Produced by DealFlow Events
Using Captives in your Enterprise Risk Management Strategy
Captive insurance has become a practical, cost-effective, and increasingly popular means for companies to gain greater control over how they are insured. Captive insurance vehicles are effectively "in-house" insurance companies with a limited purpose and are not available to the general public. One of the unique aspects is that the insureds have a direct involvement and influence over the company's major operations, including underwriting, claims, management policy, and investments.
Exploring the Current Captive Insurance Landscape gives you practical knowledge on the foundations of forming a captive insurance company, what the current regulatory environment is surrounding the industry, how to use captives in your enterprise risk management strategy, and explores some of the different types of captive insurance vehicles.
This event brings together the leading practitioners for a half-day educational session followed by a two-hour networking cocktail reception. This condensed format means less time out of the office, and the cocktail reception provides ample time to network with a targeted group of senior level executives.
2:00 - 2:30 PM
Networking & Registration
2:30 - 3:30 PM
An Introduction to Captives: Exploring the Foundations of a Captive Insurance Company
- Learn why businesses - both large and small - are forming captives in increasing numbers
- How are captives created, seeded and controlled, and what are the roles of the various players involved?
- Understand the tax benefits and investment benefits associated with owning a captive
- Exploring the current regulatory environment and licensing fees
- Learn about the laws and regulations of various domiciles
- Implementing strong captive corporate governance: Corporate discipline, accountability, responsibility, compliance with laws and regulations and appropriate oversight
3:30 - 4:30 PM
Using Captives in your Enterprise Risk Management Strategy
- How you can successfully incorporate a captive into your Enterprise Risk Management (ERM) strategy
- Using captives to mitigate your exposure to a wide range of risks
- Examining the overall risks of your business, how those risks are typically insured, and how alternative risk transfer methods such as captive insurance can be used to address them
- Utilizing a risk-focused examination process
- Using captives for nontraditional insurance coverage: Credit risk, pollution liability, equipment maintenance warranty, employee benefit risks, medical benefits, personal accident and whole life insurance
4:30 - 5:30 PM
Exploring Cell, Group & Small Captives vs. Traditional Captive Vehicles
- Is forming a captive right for your business?
- How can you form a captive without fully capitalizing it yourself?
- Explaining feasibility studies
- The benefits of protected cells over traditional captive insurance companies
- Using protected cell captives to securitize risk
- Examining group captives and determining if it's the right fit for your organization
- How group captives offer cost savings, insulation from market cycles, greater ability to manage risk, and the opportunity to share in investment income and underwriting profits
- Setting up a small captive insurance company under IRC section 831(b)
- How private companies can use small captives to their advantage
5:30 - 7:30 PM
Cocktail Reception
- VPs, Directors & Managers in Risk and Insurance
- Captive Managers
- Current & Future Captive Owners
- Chief Risk Officers
- Accountants, Actuaries & Underwriters
- CFO's, Controllers & Treasurers
- Corporate Tax Attorneys
- Brokers, Providers & Consultants
- Reinsurers & Fronting Carriers
- Domiciles & Regulators
The Westin Jersey City Newport
479 Washington Blvd.
Jersey City, NJ 07310
(201) 626-2900
The Westin Jersey City Newport offers exhilarating views of Downtown and Midtown Manhattan. This is the only 4 diamond hotel in Northern New Jersey and is conveniently located in the waterfront Financial District of Jersey City, just minutes away from New York City.
Click Here for Additional Information and Registration.
