Captive Actuarial
Captive Actuarial
Captive Actuarial
One of the first steps in forming a captive insurance company is preparation of an actuarial feasibility study. These studies document the basis for premium rates and the financial structure of a new captive insurance company. In other words, they describe for the regulator the intended use for the captive. Further, the documentation of a basis for the premium rates assures tax authorities that the premiums are reasonable in relation to the risks assumed.
As the captive begins operations it must file annual financial statements with the regulatory authorities. Those statements usually must include an actuarial opinion that the reserves are adequate to meet future obligations.
Finally, the operations of a captive insurance company affect the tax returns and financial statements of its owners. Actuaries are often involved in reserve calculation, financial analysis, and financial projections for captives.
What Economic Risks Do You Face in Your Life?
Stay prepared and plan for future risks.
What can happen to cause you to have a bad year? Wouldn’t it be nice to put aside money in good years and have it available for bad years? Wouldn’t it be even nicer if you could deduct the money you put aside in good years on your income taxes? That’s exactly what you can do with a personal captive insurance company.
I have been involved in the formation of over 150 captive insurance companies over the past 5 years. Some risk examples companies have covered includes but not limited to the following:
As actuary for these insurance companies I set the premium rates and assure that the premiums are reasonable in light of the risks assumed. This work is done through an actuarial feasibility study. I also issue an opinion on the reserves held by the captive at the end of each year. Both reports from an actuary are required by the regulatory authorities where the captive is formed, be it in the US or off shore.
One of the first steps in forming a captive insurance company is preparation of an actuarial feasibility study. These studies document the basis for premium rates and the financial structure of a new captive insurance company. In other words, they describe for the regulator the intended use for the captive. Further, the documentation of a basis for the premium rates assures tax authorities that the premiums are reasonable in relation to the risks assumed.
As the captive begins operations it must file annual financial statements with the regulatory authorities. Those statements usually must include an actuarial opinion that the reserves are adequate to meet future obligations.
Finally, the operations of a captive insurance company affect the tax returns and financial statements of its owners. Actuaries are often involved in reserve calculation, financial analysis, and financial projections for captives.
One of the first steps in forming a captive insurance company is preparation of an actuarial feasibility study. These studies document the basis for premium rates and the financial structure of a new captive insurance company. In other words, they describe for the regulator the intended use for the captive. Further, the documentation of a basis for the premium rates assures tax authorities that the premiums are reasonable in relation to the risks assumed.
As the captive begins operations it must file annual financial statements with the regulatory authorities. Those statements usually must include an actuarial opinion that the reserves are adequate to meet future obligations.
Finally, the operations of a captive insurance company affect the tax returns and financial statements of its owners. Actuaries are often involved in reserve calculation, financial analysis, and financial projections for captives.
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What can happen to cause you to have a bad year? Wouldn’t it be nice to put aside money in good years and have it available for bad years? Wouldn’t it be even nicer if you could deduct the money you put aside in good years on your income taxes? That’s exactly what you can do with a personal captive insurance company.
I have been involved in the formation of over 150 captive insurance companies over the past 5 years. Some risk examples companies have covered includes but not limited to the following:
As actuary for these insurance companies I set the premium rates and assure that the premiums are reasonable in light of the risks assumed. This work is done through an actuarial feasibility study. I also issue an opinion on the reserves held by the captive at the end of each year. Both reports from an actuary are required by the regulatory authorities where the captive is formed, be it in the US or off shore.
What can happen to cause you to have a bad year? Wouldn’t it be nice to put aside money in good years and have it available for bad years? Wouldn’t it be even nicer if you could deduct the money you put aside in good years on your income taxes? That’s exactly what you can do with a personal captive insurance company.
I have been involved in the formation of over 150 captive insurance companies over the past 5 years. Some risk examples companies have covered includes but not limited to the following:
As actuary for these insurance companies I set the premium rates and assure that the premiums are reasonable in light of the risks assumed. This work is done through an actuarial feasibility study. I also issue an opinion on the reserves held by the captive at the end of each year. Both reports from an actuary are required by the regulatory authorities where the captive is formed, be it in the US or off shore.
I might have the experience and
expertise to address it. Please
send me a message, let’s get to
know one another, then we’ll
strategize how we can help
you succeed.
Get started by using the
form on the right or
contacting me directly at
913-707-0067.
I might have the experience and
expertise to address it. Please
send me a message, let’s get to
know one another, then we’ll
strategize how we can help
you succeed.
Get started by using the
form on the right or
contacting me directly at
913-707-0067.
I might have the experience and expertise to address it. Please send me a message, let’s get to know one another, then we’ll strategize how we can help you succeed.
Get started by using the
form on the right or
contacting me directly at
913-707-0067.
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Proudly Serving Kansas City For Over 40 Years
Proudly Serving Kansas City For Over 40 Years