A captive is an insurance company the client is in charge of; they control and own all aspects of the captive. It allows the opportunity to have direct involvement in the claims process. This direct oversight can lead to more efficient claims handling, reduced costs, and the implementation of preventative measures tailored to the organization’s specific loss history. By closely analyzing loss data and trends, captive insurers can develop targeted loss control and prevention programs. These programs are specifically designed to address the root causes of claims and the proactive nature of these programs helps in significantly reducing the frequency and severity of future losses.
The potential for customization within a captive is virtually unlimited, allowing it to bridge deficiencies in commercial market policies and introduce specific insurance solutions not found in the traditional market. Beyond mere risk mitigation, captive insurance companies often serve as a financial advantage, allowing for the accrual of underwriting profits and investment income, which would otherwise be the domain of external insurers.
A captive empowers clients to develop coverage that addresses their unique needs and aligns their risk management strategies closely with their organization’s overall business objectives, leading to improved financial stability and operational resilience.
We specialize in the comprehensive administration of captive insurance, ensuring that every facet of your captive operates with precision and excellence. Our role extends beyond basic oversight; we act as the central hub coordinating between various service providers, including actuaries, auditors, claims administrators, and legal counsel. By collaborating directly with the board, we enact strategies that enhance coverage, expedite claims resolution, and improve policy conditions. This coordination ensures a harmonious and efficient collaboration that strengthens your captive’s foundation, from board governance processes to operational execution.
We place a strong emphasis on financial integrity, ensuring that all financial statements are both timely and precise, providing you with a clear and accurate financial overview that supports informed decision-making.
The cornerstone of our approach is ensuring that your captive adheres to all regulatory requirements, thus preserving its operational integrity and compliance. Entrust your captive insurance management to us for unparalleled professionalism and an unwavering commitment to your success.
Leveraging over 40 years of industry experience, Unity Captive Solutions offers top-tier education, consulting, transparency, and customer service within the captive industry. We strive to exceed our clients’ expectations daily to meet their business needs. Our main goal is to serve our clients’ needs by fully understanding their risks and building a structured risk management solution around those risks. We help our clients with the creation of specific programs that will strengthen their chances of reducing the quantity of claims and offer long-term financial stability. We accept all industries and will take a strategic approach to customizing a client’s risk profile in their captive.
We specialize in creating the following types of captives and services for all industry types with an emphasis on working with managing general agencies and underwriters:
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