Maximize the Benefit of Your Captive

Growth often requires expansion into new areas of risk. SRS conducts
feasibility studies for business plan expansion and manages the necessary approval requests, aiding in the seamless growth of your risk management capabilities. This 
service is crucial for businesses seeking to scale responsibly while managing new risks effectively. It comes after the strategic review, should you decide to make changes to your program. SRS facilitates the filing of business plan changes, ensuring your risk management strategy remains aligned with your current business operations and objectives. This service is critical for maintaining the relevance and efficacy of your riskmitigation efforts, providing the flexibility to respond swiftly to market shifts or internal developments. Any domicile and any captive can take advantage of this service. (This constitutes the submission to the regulatory body of the domicile for approval of the plan.)

Exploring new lines of coverage is a strategic move that requires thorough
analysis and expert insight. SRS conducts comprehensive feasibility
studies, providing a detailed evaluation of potential new coverages and their
alignment with your organization’s risk profile. This proactive approach is
instrumental in uncovering opportunities to enhance your risk protection while maintaining financial viability. Ensuring that your organization meets regulatory requirements for capital adequacy is a complex yet critical task. SRS navigates this terrain by calculating capital adequacy as well as negotiating collateral requirements and dividend requests with regulators. This service not only ensures regulatory compliance but also enhances financial efficiency. Any domicile and any captive can take advantage of this service.

High-level collateral analyses for the current year are part of our audit reporting service and are provided with your captive management services agreement. But for any captive with fronting reinsurance, taking a deeper dive and reviewing claims from
previous years can help you understand the amount of collateral needed to ensure liquidity in order to pay dividends. (Captives need liquidity so they can pay dividends to their membership.) This type of extensive claims review may help with tax efficiency and can assist members in getting underwriting profits back.

Long-term success in risk management is built on solid strategicplanning. SRS offers strategic planning services for captive insurance entities, crafting a roadmap for your captive’s growth and evolution. This service emphasizes the foresight and tactical thinking necessary to navigate the complexities of running a captive insurer. Whether you’re an existing SRS client, self managed, or with another insurance company manager, SRS expert advisers would be happy to review your captive and discuss any questions you may have regarding the long-term planning of your captive.

Data is a critical asset in measuring and understanding risk. SRS provides monthly loss scorecards and sophisticated loss data analytics, offering actionable insights that drive decision-making. This datacentric service is vital for ongoing risk assessment and for shaping informed, data-driven risk management policies. Dynamic dashboards and KPIs give you a clear understanding of how your captive is performing.

As businesses evolve, so may the optimal domicile for your risk management entities. SRS offers evaluation and coordination services for re-domestication, managing the intricate process of changing domiciles with expertise and strategic oversight. This is part of the Strategic Review process. But can also be done as a one-off. The actual, physical move is a complete separate engagement.

Designed to oversee and implement all aspects of your risk management strategy, SRS’ comprehensive program management and underwriting services ensure that your risk management program is executed with precision, tailored to your specific needs, and is backed by SRS’s industry-leading expertise. 

Accuracy in data is paramount for reliable actuarial analysis. SRS’ data cleansing service ensures that loss runs are accurate and comprehensive, laying a solid foundation for the compilation of actuarial reports. This meticulous attention to data integrity is a cornerstone of effective risk management and financial planning. Should you have an actuarial service provider outside of SRS, we can work with them to ensure the accuracy of the data.

SRS Data Science Services transform complex data into actionable intelligence, helping captive owners and group members enhance risk management, optimize costs, and drive better decision-making. We integrate analytics, automation, and AI-driven insights to improve underwriting, claims analysis, and financial reporting. For captive owners, data isnʼt just number —itʼs a strategic asset that can shape underwriting decisions, loss prevention strategies, and member engagement.

As a captive owner, data science can:
• Improve underwriting precision.
• Provide regulatory and compliance efficiency.
• Optimize loss control and claims.
• Offer insight into financial performance and surplus optimization.

SRS actuarial services can offer a range of solutions, suited to your specific needs and domicile requirements. We work with non-life or commercial captives, (re)insurance companies and organizations and are a team of experts to support you with data cleansing, report generation, and loss reserves analysis for European clients domiciled in Europe, Bermuda, Cayman, and Barbados. Working closely with your brokers, underwriters, and insurance managers, our experts deliver tailored actuarial services based on your business needs. How we set you up for success:

• Robust and sophisticated approach.
• Insight from data analytics.
• Powerful modeling capabilities.
• Evaluation of alternative risk strategies.
• Analysis to support board decisions.
• Tailored results and communication.