SRS North America

Our licensing process process includes submitting detailed business plans, financial projections, sample policies, D&O forms, criminal record checks, and actuarial analyses. We maintain a close working relationship with key regulatory bodies:
• British Columbia Financial Services Authority (BCFSA)
• Alberta Superintendent of Insurance

Our proficiency in Canadian regulations ensures an efficient establishment of captives:
• BC's timeframe is approximately three to four months following a completed application.
• In AB, captives can be established within six weeks of completing the application process.

Offering a robust environment for captive insurance, we closely adhere to specific regulations governing non-permitted insurance classes, including basic automobile insurance coverage and surety (reinsurance allowable). We manage captives in two primary domiciles within Canada:
• British Columbia (BC)
• Alberta (AB)

Our presence in Canada is marked by a commitment to understanding and meeting region-specific requirements and adapting to different insurance regulations and market conditions in each province.

Whether in BC or AB, our approach is tailored to the unique needs of each captive, ensuring compliance, efficiency, and effectiveness in our management services.