WTW launches a new analytical and strategic service, Captive Fit, designed to help companies optimise their captive insurance arrangements. The service launches at a time when the captive insurance market is experiencing significant growth. Captive Fit is built to address complex challenges captive insurance companies face, including risks related to reserve, premium, and investment. The offering leverages WTW’s Igloo solution, which is described as a comprehensive risk analytics modelling platform used by over 1,000 users across 150 property and casualty insurers. By utilising advanced analytics and stress testing capabilities, Captive Fit enables organisations to quantify capital adequacy, understand diversification effects, and optimise their risk financing strategies. Key benefits of Captive Fit include:
- Robust decision-making support, enhancing governance through data-driven insights.
- Identifying extra value potential by optimising utilisation and uncovering new opportunities.
- Quantifying potential dividends and improving capital efficiency for capital release.
- Uncovering potential investment issues and opportunities for yield optimisation.