InsurTech Practice Group

Turning Risk into Reward with Expert Captive Management

InsurTech companies are at the forefront of transforming the insurance landscape through technology.

They face unique challenges such as rapid scale-up, regulatory compliance in diverse jurisdictions, and the need to innovate continuously while managing risks. InsurTech firms might consider forming a captive or pursuing alternative risk transfer strategies include:
  • Aligning their risk management strategies with their fast-paced growth.
  • Accessing bespoke coverage that matches their innovative business models.
  • Capturing underwriting profits as a revenue stream to reinvest in technology and growth.
SRS supports InsurTech companies by designing captive solutions that are as innovative as their business models. Our services include the development of captives that can quickly adapt to the InsurTechʼs evolving risk landscape, regulatory support across jurisdictions, and the creation of proprietary insurance products to serve their unique needs. This approach not only secures comprehensive coverage but also aligns with the Insurtechʼs ethos of innovation and disruption.
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Benefits and Outlook for 2024

InsurTech firms working with SRS can expect to leverage their captive insurance solutions to achieve significant cost savings, enhance their product offerings, and improve investor appeal through innovative risk management strategies. Key metrics for success include a reduction in the Total Cost of Risk (TCOR) and an increase in Speed to Market for new products. Looking ahead to 2024, the InsurTech sector is poised for continued rapid growth and innovation, making it an opportune time for these companies to solidify their risk management foundations with SRSʼs captive solutions.

InsurTech Practice Group FAQs

How do captives support innovation within InsurTech companies?
Captives provide InsurTech firms with the ability to create and insure new products and services quickly, without the constraints of traditional insurance markets, fostering innovation and competitive advantage. 
Can a captive help InsurTech startups manage their operational risks? 
Absolutely. For startups, captives offer a cost-effective way to manage operational risks, including cyber risks, professional liability, and intellectual property risks, which are critical for their growth phase.
What is the process for an InsurTech firm to establish a captive with SRS?
SRS guides InsurTech firms through the entire process, from feasibility analysis and domicile selection to captive formation and operational management, ensuring the solution is tailored to their innovative business model.
Are there regulatory advantages for InsurTech firms using captives?
Yes, captives can offer regulatory efficiencies, especially in managing cross-border risks and compliance, by centralizing the risk management of diverse operational activities within one entity. 
How do captives enhance the value proposition of InsurTech firms to their customers? 
By using captives to underwrite unique risks, InsurTech firms can offer more personalized and competitive insurance products, enhancing customer satisfaction and loyalty. 

About Strategic Risk Solutions

SRS is the world’s largest independent insurance company manager. With over 25 years of experience, SRS provides management and consulting services to a wide range of insurance company entities, from single parent captives to complex commercial insurers and reinsurers. SRS has operations in the United States, Canada, Europe, Barbados, Bermuda, Cayman Islands, Latin America, and South Africa.
Establish a trusted partnership with SRS.
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