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Curriculum
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.
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What is a Captive Insurance Company?
Types of Captive Structures
The Economic Case for Captives
The Captive Decision Framework
Group Captive Membership — Evaluation & Governance
The Feasibility Study — Scope, Process & Decision Criteria
Domicile Application & Licensing
Initial Capitalisation & Programme Launch
Building Your Service Provider Team
Premium Setting & Capital Requirements
SSAP 62R and Accounting Treatment
Risk Transfer Analysis & ERD Frameworks
Collateral Structures: LOCs, Trusts & Offsets
Reinsurance for Captives — Quota Share, XOL & Stop-Loss
Investment Management for Captive Assets
Capital Repatriation & Dividend Policy
Domicile Selection & the Regulatory Landscape
Audit Readiness: What Examiners Look For
Defending Your Structure Under Challenge
IRS Scrutiny: Risk Transfer Standards & Listed Transactions
Tax Treatment — 831(a) vs 831(b), Deductibility & Offshore Considerations
International Tax — BEPS, Pillar 2 & Transfer Pricing
Working with Fronting Carriers
Captive Governance & Board Structure
Decision Tools for Operating Teams
Building an Internal Captive Capability
The Captive Claims Lifecycle
Loss Reserving — Case Reserves, IBNR & Actuarial Methods
Claims Strategy & Litigation Management
Using Claims Data to Improve Programme Performance
Workers' Compensation in a Captive
Cyber Risk in a Captive
Medical Stop-Loss Captives
Professional Liability in a Captive
The Annual Programme Review — A Structured Approach
Identifying Structural Weaknesses
Restructuring Options and Approaches
Communicating Programme Changes to Stakeholders
The Insurance Market Cycle and Captive Strategy
When to Consider Exiting a Captive Programme
Run-Off — Managing the Long Tail
Dissolution and Voluntary Liquidation
Portfolio Transfers, Loss Portfolio Transfers & Captive Sales
Captives in M&A Transactions
Audit-Readiness Binder (Deeper Dive)
Fronting Carrier Negotiation Pack (Deeper Dive)
Claims Escalation Protocol and Authority Matrix (Deeper Dive)
Reserve Review for Non-Actuaries (Deeper Dive)
Annual Programme Review Template (Deeper Dive)
Structural Weakness Diagnostic (Deeper Dive)
Captive Feasibility Study Template (Deeper Dive)
Captive Management Agreement — Key Provisions (Deeper Dive)
831(b) Micro-Captive Decision Framework (Deeper Dive)
Captive Investment Policy Statement Template (Deeper Dive)
Captive Board Charter & Governance Framework (Deeper Dive)
Run-Off & Exit Planning Guide (Deeper Dive)
Captive Insurance Glossary (Reference)
The CFO Curriculum
The Risk Manager Curriculum
Legal & Compliance Curriculum
The Board Member & Director Curriculum
Risk Retention Groups & the LRRA
Enterprise Risk Management & the Captive
Rating-Agency Capital as a Method: AM Best's BCRM & BCAR
Employee Benefits in a Captive
Reinsurance Contract Provisions & Dispute Mechanics
Non-Traditional & Revenue-Generating Lines
Insuring AI & Agentic Risk
Valuing the Captive
Solvency Regimes & Captive Capital (Deeper Dive)
Why Captive Insurance Rules Are Changing — and Why It's Safe to Act
Choosing Your Entry Vehicle — Cells, Rent-a-Captives & Sponsored Facilities
Property & Catastrophe Risk in a Captive
TCOR Structuring Decision Tree (Interactive Tool)
Rating Plan Chooser (Interactive Tool)
Commercial Auto & Fleet Risk in a Captive
General Liability in a Captive
The Captive Manager Curriculum
The RBC Rules Changed. What Should Insurers and Captives Do Now?
Circular Risk: When Insurance Capital Becomes Its Own Collateral
Schedule F and the Fronting Collateral Formula (Deeper Dive)
The Broker and Captive Consultant: Roles, Compensation and Conflicts (Deeper Dive)
Captive Insurance vs Self-Insurance: What Is the Difference?
What Is a Fronting Arrangement in Captive Insurance?
How Much Capital Does a Captive Insurance Company Need?
Collateral 101: LOCs vs Trusts — and What's Actually Negotiable