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Captive Feasibility Study

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Captive Insurance Company Feasibility Study,

( a.k.a. - Captive Feasibility Study, Captive Feasibility, Captive Insurance Feasibility, Captive Insurance Feasibility Study)

The first step to owning your own Captive Insurance Company begins with a Captive Feasibility Study from WMS. Each Captive Feasibility Study  we perform is custom tailored to meet our client's individual needs.  This means that your Captive Feasibility Study will be developed using your data not industry wide data, and all of our recommendations will be tailored to meet your unique business and personal goals. Your customized Captive Feasibility Study will answer many of the key questions you have about owning and operating a Captive Insurance Company. Although it is not as detailed as the Captive Business Plan which is required to form a Captive, it does provide an excellent Executive Overview and Summary of the most important aspects of your Captive. Your customized Captive Feasibility Study will contain the following key components:  

  • 5 Years of  Pro Forma Financial Statements  -  WMS will prepare 5 Years of  Pro Forma Income Statements and 5 Years of  Pro Forma Balance Sheets for your Captive. Each annual statement will include estimates of your Captive's: premium income, investment income, loss costs and other operating expenses, profits, cash and other assets, liabilities, capital and surplus. Each statement will also include a calculation of  the minimum required capital and solvency margin, and the minimum required reserves levels which your Captive must maintain in order to be a licensed insurer in the domicile.

  • Identification of the specific Insurance Coverages and Limits  your Captive will provide -  WMS will assist you in your selection of the specific commercial property and casualty policies your captive will use to insure your business. We will also coordinate with your Actuary who will help you establish specific policy limits and premiums.

  • Document the Captive's Business Purpose -  Your Captive Feasibility Study will begin by documenting several business purposes for creating your Captive Insurance Company.  It is important to clearly document your rationale for establishing a Captive Insurance Company in order to satisfy IRS requirements that require a valid "business purpose" for creating or operating a company, especially one which

  • Selecting the Best Domicile for your Captive Insurance Company - WMS will help you to select the best Domicile in which to incorporate, license, operate and manage your Captive.

  • Captive Structure Selection - WMS will help you to select the Captive Structure which best meets your needs ( i.e., Single Parent Captive, Association Captive , Group Captive, Industrial Insurance Captive, Rent a Captive, Sponsored Captive, Protected Cell Captive, Segregated Cell Captive, etc.

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