Captives
At Nordisk Aktuarservice, we help organisations manage their insurance risks more effectively through the establishment of a captive insurance company. A captive is an in-house insurer that consolidates and manages the organisations insurable risks. This enables the organisations to manage and optimize risk based on their own data, claims experience, and long-term financial objectives.
By adopting a captive structure, organisations can benefit from greater transparency, more stable insurance costs, and enhanced risk management, while reducing their reliance on the commercial insurance market.
In addition to supporting the captive establishment process, Nordisk Aktuarservice provides expertise in Solvency II reporting, technical provisions, reinsurance, pricing, and broader risk management.
Read more about Risk management
Why organisations Choose a Captive
A captive solution is particularly relevant for organisations seeking to:
- Reduce and stabilise insurance costs through higher retained risk and lower market-related margins
- Strengthen risk management using their own claims data and a more transparent decision-making framework
- Reduce exposure to market pricing cycles and achieve more predictable long-term costs
- Create more flexible coverage structures and retain selected risks in line with the organisations risk profile and risk appetite
- Reduce claims frequency and claims costs through a stronger focus on risk management and loss prevention
Lower claims costs contribute directly to improved financial performance. The resulting savings can either be used to strengthen the captive's capital position or be reinvested in further risk management initiatives, creating a continuous cycle of risk reduction, cost efficiency, and long-term value creation.
Advisory and Actuarial Support for Captive Solutions
At Nordisk Aktuarservice, we provide preliminary analysis for organisations during the establishment process and full-service actuarial consulting following the establishment of the captive insurance company.
Our approach is built on transparent models, data-driven analysis, and practical implementation. We support clients throughout the entire captive lifecycle, from initial feasibility assessments and business case development to ongoing optimisation and governance. Our experienced actuaries have extensive knowledge of captive structures and can provide tailored analyses to support risk assessment and decision-making before establishing a captive insurance company.
We follow a structured and methodical process, providing the documentation and insights needed to give management and the Board of Directors a sound basis for decisions regarding captive structure, capitalization, and ongoing operations.
Our services include:
- Initial assessments of data quality, risk profile, and captive structure feasibility.
- Actuarial analyses based on the organisations own data to support risk management and decision-making.
- Advice on captive establishment, structure, capitalization, and governance.
- Actuarial calculations and analyses supporting management and Board reporting and regulatory reporting under Solvency II.
Contact Us
If you have questions or would like to learn more about establishing and operating a captive, we would be pleased to discuss your needs.