Insurtech startup CaptiveSimple has launched a new platform aimed at streamlining the captive insurance process through automation and real-time data.
The Wyoming-based company says its technology can reduce the cost of setting up a captive by more than 50 per cent compared to traditional methods.
Developed by a team of industry veterans, the platform automates key early stages — indication, viability, and feasibility — replacing manual processes with real-time digital tools.
It also offers instant updates and guidance to support faster decision-making by brokers, businesses, and advisors.
Additional tools include a shared interface for executives, legal teams and accountants, as well as an integrated learning hub called Captive University.
Delivered as a SaaS solution, the platform features multi-captive dashboards, financial reporting capabilities and support for ongoing management.
“Captive insurance has long been a complex and time-consuming process, leaving businesses in a data vacuum,” says David Richter, CEO of CaptiveSimple.
“Our platform demystifies captives, making them more accessible and cost-effective,” Richter adds.
Brandon White, chief growth officer at CaptiveSimple, remarks: “We are not just automating processes; we are creating a digital ecosystem where all stakeholders can collaborate and thrive.”
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