Feasibility Study
Identify & Analyze Your Risk
- Establish clear goals for risk management
- Implement sustainable strategies
- Ensure long-term financial stability
Feasibility Study for Captive Insurance Programs
Union Risk conducts a free of charge Feasibility study for our clients and prospects to analyze if they will be a fit for a Captive/Alternative Risk Program. Union Risk provides a detailed analysis of how a captive can meet your unique needs, enhance your control over insurance costs, and ensure compliance with regulations. This powerful tool helps you make informed decisions that align with your business strategy and maximize your financial benefits. Let us guide you through this transformative process to elevate your company's risk management to new heights.
Risk Assessment
Analyze your company’s risk exposures and identify areas where a captive can provide significant value, while measuring the potential impact of identified risks and determining the necessary coverage levels.
Market Analysis
Examine the current insurance market conditions and how they influence the potential benefits of a captive, while analyzing how similar companies leverage captives and identifying competitive advantages.
Financial Analysis
Compare the costs of operating a captive against traditional insurance to evaluate potential savings and return on investment, and estimate the initial capital needed and ongoing financial commitments to support the captive’s operations.
Operational Review
Develop a plan for the governance and management of the captive, including roles and responsibilities, and identify and evaluate potential service providers, including actuaries, auditors, and third-party administrators.
Strategic Alignment
Align the captive’s objectives with your company’s broader business strategy and financial goals, and evaluate how the captive can support future growth and evolving risk management needs.
Regulatory Considerations
Assess various domiciles for establishing the captive, considering regulatory environments and tax implications, and ensure that the captive meets all regulatory requirements in the chosen jurisdiction.
We work closely with our clients' tax, financial, and legal teams to evaluate the information within their portfolio and ensure that any planning concepts are seamlessly integrated into their overall financial landscape.