What comes after your score

1

Readiness Diagnostic & Captive Pack

USD 4,888

• 24-hour full refund, until your pack is released.
• Released by Steve within 2 business days.
• 100% credit: if you move on to the Bespoke Captive Package, the USD 4,888 is credited in full.

Get my free score first

A written diagnostic

• A summary of your result showing your strengths and gaps, drawn from your own answers, with personal commentary from Steve on your overall result and on each part of your score.
• Indicative ranges for key parameters, taken from your own inputs.
• The key steps and dates from the first board discussion to the first policy, each explained in plain words.
• The types of provider you are likely to need, such as a feasibility adviser, captive manager, fronting insurer, reinsurer, actuary, auditor, legal adviser and independent director, with no names.
• The criteria for choosing a domicile, explained in plain words, so you can judge the proposals you receive.
• Ten questions to put to any feasibility provider, so you can compare them on the same basis.
• Where it may suit you, a comparison with a protected cell captive, and the questions to ask the company that would hold your cell.

We can run an independent feasibility study as part of the next phase.

Three Excel workbooks

• Timetable and board readiness scorecard, for a fully owned captive.
• The same, for a protected cell captive. Use whichever version fits your board's decision.
• Premium and capital.

Six Word documents

• Board briefing paper.
• Request for feasibility proposals, covering both routes.
• Questions log.
• Data checklist.
• Invitation letter.
• Optional annual review outline.

2

Bespoke Captive Package

From USD 11,888

• 100% credit for what you have already paid for the Readiness Diagnostic & Captive Pack.

Tailored support for a risk management team that wants to take a captive to its board and run a proper feasibility tender.

A new captive

Making the case to your board

Help turning your analysis into a clear board paper and presentation: the potential benefits of a captive, the risks, and what the board is being asked to decide, in language directors follow.

Support for your risk management team

Working sessions to prepare for board and committee discussions, test your arguments and rehearse the questions directors are likely to ask.

The feasibility tender

Preparing the request for proposals, shortlisting providers, comparing proposals on the same basis and making the appointment, including the terms and any conflicts of interest.

From the study to the decision

Going through the feasibility report with you so the board understands the assumptions behind the numbers, then support through to the board decision and the next steps.

An existing captive

An independent health check

A review of how the captive is performing: results, capital, governance and strategy, with an honest view of what is working and what is not.

Communicating with the parent board

Help presenting the captive to the parent board and senior management, so that its results, its value and its risks are clearly understood.

Your service providers

A review of the captive manager and other providers, how they are paid and whether the service is good value, with help running a tender where a change is needed. For a cell holder, this also looks at the company holding the cell.

A plan agreed with your team

Clear priorities and next steps, with support to put them in place.

3

Captive Director

USD 25,000 a year

• 100% credit for what you have already paid for the Readiness Diagnostic & Captive Pack or the Bespoke Captive Package.

Steve acts as an independent director of a fully owned captive: a business builder alongside your management team, and an independent sense test of new developments and growth ideas.

Independent challenge

An experienced outside view on strategy, underwriting, capital and growth ideas, offered from within the board.

A business builder alongside management

Working with your management team on new lines, new risks and growth plans, helping to shape them so that the board and the regulator can follow the reasoning.

A sense test with the regulator in mind

An independent view, before a proposal goes forward, of how a new development or growth idea is likely to play out with the regulator.

Board and governance

Regular attendance and preparation, committee work, and board papers and minutes that stand up to scrutiny.

More about the director role