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Curriculum
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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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