Q Insurance
Captive insurance
What is a Captive Insurance company?
A captive insurance company is a legally sanctioned insurance company directly formed, owned and controlled by the parent it insures. The goal of the captive is to provide the parent organization with greater flexibility and control over its own risk financing objectives and its insurance and claims costs.
Captive solutions have long been components of the risk management strategies of many large organizations. Today, group captive insurance and other captive solutions allow middle market and even smaller organizations to participate in these alternative approaches.
How do captive insurers work?
Instead of seeking traditional insurance for a given exposure or exposures, the captive owner pays premiums to the captive to pay claims in the event the parent experiences a loss. Using captive solutions, parent companies are choosing to place more of their own capital at risk in indemnifying their own insurance exposures. Many large organizations maintain insurance and risk management strategies that blend traditional insurance with captive programs.
Because the parent company’s main line of business is usually unrelated to the operation of an insurance organization, most captives seek management services from companies experienced in underwriting risk exposures and assessing and paying claims. Further, most captives require an insurance carrier to front the policies due to jurisdictional regulations.
What are the benefits of captives?
The principal benefit of a captive insurance program is greater control over the parent companies’ risk management strategies and costs. A captive can be used to insure almost any of its parent’s exposures, from traditional property and casualty coverages to employee benefit programs. In addition, some captives are now underwriting and insuring third-party business unrelated to the parent company’s primary operations. This opportunity further spreads risk while increasing the financial strength and viability of the captive.
A captive insurance company is a legally sanctioned insurance company directly formed, owned and controlled by the parent it insures. The goal of the captive is to provide the parent organization with greater flexibility and control over its own risk financing objectives and its insurance and claims costs.
Captive solutions have long been components of the risk management strategies of many large organizations. Today, group captive insurance and other captive solutions allow middle market and even smaller organizations to participate in these alternative approaches.
How do captive insurers work?
Instead of seeking traditional insurance for a given exposure or exposures, the captive owner pays premiums to the captive to pay claims in the event the parent experiences a loss. Using captive solutions, parent companies are choosing to place more of their own capital at risk in indemnifying their own insurance exposures. Many large organizations maintain insurance and risk management strategies that blend traditional insurance with captive programs.
Because the parent company’s main line of business is usually unrelated to the operation of an insurance organization, most captives seek management services from companies experienced in underwriting risk exposures and assessing and paying claims. Further, most captives require an insurance carrier to front the policies due to jurisdictional regulations.
What are the benefits of captives?
The principal benefit of a captive insurance program is greater control over the parent companies’ risk management strategies and costs. A captive can be used to insure almost any of its parent’s exposures, from traditional property and casualty coverages to employee benefit programs. In addition, some captives are now underwriting and insuring third-party business unrelated to the parent company’s primary operations. This opportunity further spreads risk while increasing the financial strength and viability of the captive.
Why choose Q Insurance for your captive?
Holistic solutions backed by Q Insurance’s leadership position in service, claims and compliance
With more than 22 years of experience in Insurance Services, Q Insurance offers non-life, life and combined captive solutions along with end-to-end services.
With more than 22 years of experience in Insurance Services, Q Insurance offers non-life, life and combined captive solutions along with end-to-end services.
- Specialists in single-parent, group and cell captives
- Longest-tenured and leading Group Captives carrier
- Known for technical acumen and creativity for complex risks
- Dedicated Captives servicing teams ensuring fast and transparent cash flow
Broad solutions to meet a firm's needs for its entire portfolio of business
Single-Parent Captive Insurance
Q Insurance delivers a broad range of fronting, reinsurance, claims, and risk engineering services for single-parent captives – whether your captive covers only KZ domiciled risks or international locations as well. Your underwriter is supported by a dedicated Q Insurance Captive Insurance team who will help bring transparency and efficiency to your captive program. You can further mitigate risks that your captive covers through utilization of Q Insurance’s Risk Engineering, which can provide services, insights and tools to help you identify and reduce risks before, during and after an event.
Group Captive Insurance
Q Insurance’s Group Captive Insurance unit targets a wide range of industry segments with captive minimum first-year premiums of $3 million to $5 million, supported by an appropriate plan to help grow their business. We offer special expertise in construction, transportation practice, temporary staffing and manufacturing. Captive structures can include member-owned group captives, and Segregated Portfolio Companies (SPC). Individual programs can be structured to include quota share programs and stop loss coverage.
Products available for Group Captive Insurance customers include Workers’ Compensation, General Liability and Commercial Auto.
Contact Q Insurance’s Group Captive Insurance team (see below) for more information
Products available for Group Captive Insurance customers include Workers’ Compensation, General Liability and Commercial Auto.
Contact Q Insurance’s Group Captive Insurance team (see below) for more information
Other Captive Insurance Solutions
Q Insurance can help design other captive insurance solutions for your company in place of a traditional single-parent or group captive. Q Insurance assesses and serves various types of Captives through the use of independently owned SPCs.
The SPC option is right for a variety of captive insurance types, including:
The SPC option is right for a variety of captive insurance types, including:
- Multiple-member
- Single-member
- Program administrator
- Association
Related industry and insurance
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Anticipating current and emerging risks demands the right mix of casualty insurance solutions, whether it’s general liability, workers’ compensation, commercial automobile, excess liability or any other combination of casualty coverages. And each coverage needs to be tailored to the size, structure and evolving needs of a business. How a company manages their liability risk can vary greatly based on their risk tolerance and mitigation strategy. - Global Insurance Programs for Multinational BusinessDoing business across borders offers tremendous business opportunity – and risk. A global insurance solution provides local coverage, claims servicing and regulatory alignment to help multinational companies mitigate these cross-border exposures. Companies of all sizes have international exposures, from employees travelling outside of the KZ and exporting goods to in-country manufacturing facilities and D&O insurance needs.
Q Insurance’s international insurance solutions help companies manage these risks at every stage of their journey, with proven expertise and broad offerings backed by our leadership position in service, claims and compliance. - Property InsuranceCommercial property insurance protects your financial interest in your building, equipment, stock and other assets, the very things that enable you to deliver the products or services to your customers that generate business income and provide jobs. That’s why this coverage can be one of the most important business insurance products your enterprise can purchase. Commercial property insurance policies can also include vital business interruption coverage features that will help you maintain your business income stream should a loss temporarily halt your operations.
A holistic approach to commercial property insurance also pairs Risk Engineering services that help reduce losses with insurance coverages designed to help manage your total cost of risk. Q Insurance Risk Engineering professionals understand your business, the risks you face and approaches to reduce and mitigate your risks through business property insurance. - Risk EngineeringRisk Engineering solutions help businesses of all sizes build resilience to today’s evolving, interconnected risk landscape by helping them manage loss control, mitigate risk, improve safety and reduce claims. These services add an important layer of protection for companies by providing holistic solutions before, during and after an event. Simply put, companies that manage risk effectively operate more efficiently and effectively. Risk Engineering is key to a comprehensive risk management strategy, giving businesses an edge in a competitive marketplace.
Our Services
We offer several services for the development of your company. If you do not find the service you need, we are always ready to meet and discuss how we can help you.
Our Partners
Business center "Talan Towers", st. Dostyk 16, 25th floor, office. 7. Astana, Kazakhstan.
info@qinsurance.kz
+7 702 220 6461
info@qinsurance.kz
+7 702 220 6461
