Captive Practices and Procedures

How to Structure and Operate a Successful Captive Insurance Program Author Kathryn Westover has set up and managed more than 50 successful captives during her 20-plus years of experience. This book will help you understand the accepted practices and procedures that support a captive’s ability to achieve its mission and purpose. Learn what it takes to establish a successful captive insurance company—one that sets the standard and withstands the test of time! Learn How To Make Sure Your Captive is Built to Last Use the components of a feasibility study to develop the strategic business plan Read and understand a captive’s financial reports Establish a captive management team that actively drives the achievement of the captive’s strategic goals Develop a procedures manual that will actually be used Turn “regulatory compliance” from a negative into a positive Use performance analyses to reinforce stakeholder satisfaction By Kathryn Westover, 204 pp., February 2006