As institutions look at alternative ways to transfer risk, the use of a captive continues to be an attractive tool. This presentation will cover what a captive insurance company entails, how it can be formed, and how it can be used to manage the total cost of risk. The presentation will include details on one institution's recent journey to create a captive as an example of what to think about when forming a captive. Objectives: + Understand what a captive is, its structure, and what is needed to form one. + See how a captive can be used as a tool to effectively manage the total cost of risk. + Take away lessons from one institution’s recent experience forming a captive.
