Strategic Risk Solutions (SRS) has kicked off a new strategic planning and execution service, Captive 360°, which will be available to any captive.
The new service provides a ‘comprehensive, holistic’ review of all aspects of a captive’s operations, according to SRS.
The service is designed to be delivered efficiently, in terms of time and expense, to any captive, regardless of captive manager.
The offering was developed to stimulate interaction between all the captive’s stakeholders to ensure key strategic opportunities and challenges are identified, SRS explained.
This initiative will be led by senior SRS staff, who will be able to tap into SRS’s industry knowledge to deliver the new product.
Meanwhile, SRS has partnered with LIGHTSTANCE, a consulting software company, to execute and support Captive 360°.
Brady Young, SRS president and CEO, commented: “We have launched this new offering in response to client feedback and marketplace needs.”
“Captive owners want additional assistance evaluating strategic options to maximize the value provided to parent organisations. I am delighted to introduce Captive 360° to meet this demand,” Young added.
Jesse Olsen, SRS advisers director and Captive 360° facilitator, said: “Building a useful strategic plan, as challenging as that can be, is not enough. Execution and accountability are key. I am eager to deploy Captive 360° for the benefit of captive stakeholders.”
Lamont Thurston, CEO of LIGHSTANCE, stated: “We are very optimistic about the blending of SRS’s expertise applied through our proven process, software, and materials. This combination produced Captive 360°, a first of its kind approach to strategic planning for captives.”
