Feasibility Studies

Know when to reassess.

As a solutions company, our job isn't finished once the captive has been established. In fact, we help our clients continuously monitor their program, making sure it is responsive and adapts to their needs. The captive must evolve as insurance needs and the business environment change.

As a captive owner, you know how much time, effort and analysis it took to form the captive, but once it is implemented and operational, how often do you revisit those issues and questions that were analyzed so thoroughly at the beginning? Is the captive aligned with the operational and strategic goals of its owner? Has the owner's philosophy changed since the captive was formed, and has the captive adapted? Has the captive been operating as expected?

While these questions may have been addressed, it is often done in a reactionary state and not particularly formalized. In today's world of increased scrutiny and corporate governance, it becomes clear that alignment of the captive within the corporate strategic plan and governance structure should not be ignored.

During a captive health check with Artex, our experts will review:

• Current goals and strategies of the captive owner
• Current captive participation — is it still beneficial and necessary?
• Expansion of captive participation — pros and cons of expanding the captive to other risk financing areas
• Maximizing use of captive cash flow
• Captive domicile — is it still fulfilling the owner's needs?
• Governance issues — is the captive operating in accordance with the laws and regulations of its home domicile?

Some of these topics are obvious items to consider when reviewing a captive, but often they are shelved due to daily corporate deadlines — especially with shrinking budgets and tight head counts. Our approach is to engage in a conversation and openly discuss your program, which hopefully will energize your captive to ensure it meets your goals.

Discover better ways to control risk. Tested solutions for a spectrum of scenarios.

Our actuarial and risk advisory solutions are designed to uncover and provide better, more targeted approaches to help you control risk now and into the future. Our experts helps you find gaps and opportunities and ultimately solutions for better risk management. These solutions include:

• Feasibility study and captive health check
• Reserving
• Risk transfer
• Risk analysis
• Solvency and capital

Reserving

Your insurance program's liabilities are significant to your operations and can be uncertain. To help you define an accurate assessment, we have proven methodologies including loss reserving, loss reserve specialist and experience studies.

Risk transfer

Whether you are contemplating acquisitions, divestiture or the addition of new coverage, you can leverage our expertise and services, including risk transfer pricing and risk transfer reviews.

Risk analysis

Our risk analysis services help you achieve greater levels of confidence and transparency in your insurance program. Our services include enterprise risk management, model review and regulatory risk review.

Solvency and capital

Maintaining the optimal balance between solvency and capital can be complex, particularly as global regulatory requirements continue to advance at an increasing pace. Our well-established practices can give you clarity on achieving the right mix. These services include capital adequacy reviews; Solvency II; technical provisions; and prospective solvency assessments.