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Role-Based Learning Paths
Start here — find your role track
The CFO Curriculum
Lesson P.1 · CFOs · 14 min read
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The Risk Manager Curriculum
Lesson P.2 · Risk Managers · 13 min read
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Legal & Compliance Curriculum
Lesson P.3 · Legal · Compliance · 13 min read
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The Board Member & Director Curriculum
Lesson P.4 · Board Members, Independent Directors · 15 min read
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The Captive Manager Curriculum
Lesson P.5 · Captive Managers · 8 min read
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Core Modules
Capital Credibility Series
The RBC Rules Changed. What Should Insurers and Captives Do Now?
The NAIC adopted new capital treatment for collateral loans and CLOs in June 2026. Here is the readiness agenda — not another recap of the debate.
Circular Risk: When Insurance Capital Becomes Its Own Collateral
Regulators are examining structures where insurer money loops back to affiliated managers, borrowers, or assets. A five-question test for finding the loops in your own programme.
Captive Fundamentals
What is a Captive Insurance Company?
Lesson 1.1 · All roles · 12 min read
Types of Captive Structures
Lesson 1.2 · All roles · 14 min read
The Economic Case for Captives
Lesson 1.3 · CFOs · Risk Managers · 15 min read
The Captive Decision Framework
Lesson 1.4 · CFOs · Risk Managers · 13 min read
Group Captive Membership — Evaluation & Governance
Lesson 1.5 · All roles · 12 min read
Captive Formation
The Feasibility Study — Scope, Process & Decision Criteria
Lesson 2.1 · All roles · 13 min read
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Domicile Application & Licensing
Lesson 2.2 · All roles · 14 min read
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Initial Capitalisation & Programme Launch
Lesson 2.3 · CFOs, Risk Managers · 12 min read
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Building Your Service Provider Team
Lesson 2.4 · All roles · 12 min read
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Choosing Your Entry Vehicle — Cells, Rent-a-Captives & Sponsored Facilities
Lesson 2.5 · CFOs · Risk Managers · Legal & Compliance · 12 min read
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Financial Mechanics
Premium Setting & Capital Requirements
Lesson 3.1 · CFOs · Risk Managers · 16 min read
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SSAP 62R and Accounting Treatment
Lesson 3.2 · CFOs · Legal · 14 min read
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Risk Transfer Analysis & ERD Frameworks
Lesson 3.3 · Risk Managers · Legal · 18 min read
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Collateral Structures: LOCs, Trusts & Offsets
Lesson 3.4 · CFOs · Risk Managers · 15 min read
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Capital & Balance Sheet Management
Reinsurance for Captives — Quota Share, XOL & Stop-Loss
Lesson 4.1 · CFOs, Risk Managers · 13 min read
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Investment Management for Captive Assets
Lesson 4.2 · CFOs, Captive Managers · 12 min read
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Capital Repatriation & Dividend Policy
Lesson 4.3 · CFOs, Captive Managers · 11 min read
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Regulatory & Audit Readiness
Domicile Selection & the Regulatory Landscape
Lesson 5.1 · Legal · CFOs · 16 min read
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Audit Readiness: What Examiners Look For
Lesson 5.2 · Legal · Risk Managers · 14 min read
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Defending Your Structure Under Challenge
Lesson 5.3 · Legal · CFOs · 15 min read
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Risk Retention Groups & the LRRA
Lesson 5.4 · Legal & Compliance · Risk Managers · CFOs · 13 min read
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Tax & International Compliance
IRS Scrutiny: Risk Transfer Standards & Listed Transactions
Lesson 6.1 · Legal · CFOs · 18 min read
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Tax Treatment — 831(a) vs 831(b), Deductibility & Offshore Considerations
Lesson 6.2 · CFOs, Legal & Compliance · 14 min read
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International Tax — BEPS, Pillar 2 & Transfer Pricing
Lesson 6.3 · CFOs, Legal & Compliance · 13 min read
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Operational Excellence
Working with Fronting Carriers
Lesson 7.1 · Risk Managers · 14 min read
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Captive Governance & Board Structure
Lesson 7.2 · All roles · 13 min read
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Decision Tools for Operating Teams
Lesson 7.3 · Risk Managers · CFOs · 15 min read
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Building an Internal Captive Capability
Lesson 7.4 · Risk Managers · 12 min read
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Enterprise Risk Management & the Captive
Lesson 7.5 · Risk Managers · CFOs · Board Members · 16 min read
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Rating-Agency Capital as a Method: AM Best's BCRM & BCAR
Lesson 7.6 · CFOs · Captive Managers · Board Members · 20 min read
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Claims Management
The Captive Claims Lifecycle
Lesson 8.1 · Risk Managers · CFOs · 14 min read
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Loss Reserving — Case Reserves, IBNR & Actuarial Methods
Lesson 8.2 · CFOs · Risk Managers · 16 min read
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Claims Strategy & Litigation Management
Lesson 8.3 · Risk Managers · Legal · 15 min read
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Using Claims Data to Improve Programme Performance
Lesson 8.4 · Risk Managers · CFOs · 13 min read
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Reinsurance Contract Provisions & Dispute Mechanics
Lesson 8.5 · Risk Managers · Legal & Compliance · CFOs · 18 min read
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Lines of Business
Workers' Compensation in a Captive
Lesson 9.1 · Risk Managers, CFOs · 14 min read
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Cyber Risk in a Captive
Lesson 9.2 · Risk Managers, CFOs · 13 min read
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Medical Stop-Loss Captives
Lesson 9.3 · CFOs, Risk Managers · 13 min read
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Professional Liability in a Captive
Lesson 9.4 · Risk Managers, Legal & Compliance · 12 min read
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Employee Benefits in a Captive
Lesson 9.5 · CFOs · Risk Managers · HR & Benefits Leaders · 15 min read
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Non-Traditional & Revenue-Generating Lines
Lesson 9.6 · Risk Managers · CFOs · Captive Managers · 20 min read
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Insuring AI & Agentic Risk
Lesson 9.7 · Risk Managers · CFOs · Legal & Compliance · 13 min read
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Property & Catastrophe Risk in a Captive
Lesson 9.8 · Risk Managers · CFOs · 13 min read
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Commercial Auto & Fleet Risk in a Captive
Lesson 9.9 · Risk Managers · CFOs · 10 min read
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General Liability in a Captive
Lesson 9.10 · Risk Managers · Legal & Compliance · CFOs · 9 min read
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Programme Review & Restructuring
The Annual Programme Review — A Structured Approach
Lesson 10.1 · Risk Managers · CFOs · 13 min read
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Identifying Structural Weaknesses
Lesson 10.2 · Risk Managers · Legal · CFOs · 14 min read
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Restructuring Options and Approaches
Lesson 10.3 · Risk Managers · Legal · CFOs · 15 min read
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Communicating Programme Changes to Stakeholders
Lesson 10.4 · Risk Managers · CFOs · 11 min read
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The Insurance Market Cycle and Captive Strategy
Lesson 10.5 · CFOs, Risk Managers · 13 min read
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Valuing the Captive
Lesson 10.6 · CFOs · Risk Managers · Board Members · 14 min read
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Captive Exit Strategies
When to Consider Exiting a Captive Programme
Lesson 11.1 · CFOs · Risk Managers · 12 min read
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Run-Off — Managing the Long Tail
Lesson 11.2 · Risk Managers · CFOs · 14 min read
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Dissolution and Voluntary Liquidation
Lesson 11.3 · CFOs · Legal · 13 min read
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Portfolio Transfers, Loss Portfolio Transfers & Captive Sales
Lesson 11.4 · CFOs · Legal · 14 min read
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Captives in M&A Transactions
Lesson 11.5 · CFOs, Legal & Compliance · 14 min read
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Reference Library
Reference Library
Audit-Readiness Binder (Deeper Dive)
Lesson R.1 · Legal · CFOs · Risk Managers · 4 min read
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Fronting Carrier Negotiation Pack (Deeper Dive)
Lesson R.2 · Risk Managers · CFOs · 4 min read
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Claims Escalation Protocol and Authority Matrix (Deeper Dive)
Lesson R.3 · Risk Managers · Legal · 4 min read
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Reserve Review for Non-Actuaries (Deeper Dive)
Lesson R.4 · CFOs · Risk Managers · 6 min read
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Annual Programme Review Template (Deeper Dive)
Lesson R.5 · Risk Managers · CFOs · 4 min read
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Structural Weakness Diagnostic (Deeper Dive)
Lesson R.6 · Risk Managers · Legal · CFOs · 5 min read
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Captive Feasibility Study Template (Deeper Dive)
Lesson R.7 · All roles · 16 min read
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Captive Management Agreement — Key Provisions (Deeper Dive)
Lesson R.8 · Legal & Compliance, CFOs · 14 min read
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831(b) Micro-Captive Decision Framework (Deeper Dive)
Lesson R.9 · CFOs · Legal · Tax Advisors · 12 min read
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Captive Investment Policy Statement Template (Deeper Dive)
Lesson R.10 · CFOs · Captive Managers · Board Members · 10 min read
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Captive Board Charter & Governance Framework (Deeper Dive)
Lesson R.11 · Board Members · Legal · Captive Managers · 11 min read
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Run-Off & Exit Planning Guide (Deeper Dive)
Lesson R.12 · CFOs · Risk Managers · Legal · 13 min read
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Captive Insurance Glossary (Reference)
Lesson R.13 · All roles · 15 min read
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Solvency Regimes & Captive Capital (Deeper Dive)
Lesson R.14 · CFOs · Risk Managers · Legal · 18 min read
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TCOR Structuring Decision Tree (Interactive Tool)
Lesson R.15 · CFOs · Risk Managers · Interactive tool
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Rating Plan Chooser (Interactive Tool)
Lesson R.16 · Risk Managers · CFOs · Interactive tool
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Schedule F and the Fronting Collateral Formula (Deeper Dive)
Lesson R.17 · CFOs · Risk Managers · Captive Managers · 10 min read
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The Broker and Captive Consultant: Roles, Compensation and Conflicts (Deeper Dive)
Lesson R.18 · CFOs · Risk Managers · Board Members · 9 min read
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