CAPTIVE SOLUTIONS

Captive Insurance Management

MANAGEMENT

exceptional service and innovative solutions

IML has extensive insurance management experience with over 40 years of expertise. We are committed to providing exceptional service and innovative solutions to our insurance and reinsurance clients.

MANAGEMENT

Finance Management Services

  • Financial Reporting
  • Annual Budgets
  • Financial Forecasts
  • Coordination of GAAP and Statutory Year End Audit
  • Cash Management
  • Financial Regulatory Reporting
  • Investment strategy and related treasury services

MANAGEMENT

Compliance Management Services

  • Chief Information Security Officer (CISO)
  • Privacy Officer
  • Compliance Officer
  • Compliance policy statement
  • Compliance reporting
  • AML Control
  • Liaison with regulator
  • Data protection control
  • Financial sanctions reporting
  • Legislation and regulatory updates
  • Corporate governance 

MANAGEMENT

Underwriting Management Services

  • U/W committee
  • Insurance renewal support
  • U/W reporting
  • Policy issuance
  • Premium collection
  • Claims payments
  • Reinsurance recovery
  • Coordination of Actuarial review support

MANAGEMENT

Claims Management Services

  • Coordination of Actuarial review support
  • Claims payments
  • Claims administration and protocols
  • Claims management
  • Coordination of service providers

MANAGEMENT

Corporate Governance and Admin Services

  • Organization of Annual General Meetings Board of Directors Meetings
  • Preparation of Board materials
  • Ensure adherence to corporate governance best practices.

MANAGEMENT

Strategic Consulting and Advisory Services

  • Captive health check
  • Redomiciling of Captives to Bermuda
  • Feasibility studies & pro-forma business plan
  • Risk management and risk financing
  • Reinsurance Placement