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What are the most important considerations for a company
when starting a captive? On April 28, I participated in a roundtable discussion
hosted by Captive Review, conferring with other experts in captive formation
about planning a successful captive. From an actuarial point of view, communication is key. Not
only should all projections be documented, but all details, analyses, methods
and other important communications must be clear and understandable. Insurance
and actuarial reports are not always intuitive for new captive owners, so comprehensible
communication of financial considerations to captive owners is paramount.
At least two
things came to fruition from the 1960s science fiction TV shows many of us watched
as children. First, as the title of this blog suggests, it is now acceptable to
split an infinitive (that is, insert an adverb between the word “to” and the
verb). Second, although we still don’t have flying cars, it is possible to conduct
meetings and converse with people miles away while looking at a screen. This
came in quite handy as we planned our 2021 Pinnacle University program.