Risk management is the systematic process of managing an organisation’s risk exposures with an intent of providing an efficient pre-loss plan that minimises the adverse impact of risk on the organisation’s resources, earnings, and cash flow.
• Spreading risk into and be able to utilise alternative markets
• Spreading exposures over a longer time frame
• Make available to the organisation cover which is not otherwise obtainable
• Fund future possible exposures etc. etc.
When having identified the risk financing needs, an organisation can completely tailor-make the captive solution preferable.
Captive solutions
Captive insurance solutions are intimately connected to the Risk Management process, and are used as a risk financing tool for internal risk financing. There are several advantages for a large insurance buyer to utilise a captive, and among the most outstanding are:• Spreading risk into and be able to utilise alternative markets
• Spreading exposures over a longer time frame
• Make available to the organisation cover which is not otherwise obtainable
• Fund future possible exposures etc. etc.
When having identified the risk financing needs, an organisation can completely tailor-make the captive solution preferable.