A Captive insurance company is an insurance company established to insure part or all of the risks of the parent.
As part of this risk management program, AIU provides the following services:
- Advice on program structure and coverages available
- Issuance of locally admitted policies
- Cash flow guarantees on the movement of premium between local insureds and the Captive
- Claim management
- Loss reporting and monitoring facilities
- Reporting and monitoring of cashflow guarantees and losses at agreed intervals