Ghana Captive Insurance Conference
Starts: Monday, 29 September, 2014 12:00am
Ends: Monday, 29 September, 2014 03:00am
Why Go Captive? Increase Control, Reduce Costs.
Businesses like yours confront risk every day. That's why captive insurance is becoming a mainstream risk management tool. Captive insurance used to be called an 'alternative risk management' strategy. No more. Captive insurance offers a wide variety of flexible tools to help you gain control over risk management issues and reduce your costs. Ghana Captive Insurance is the undisputed gold standard of all domiciles with more than twice the number of licensed captives of all other states combined. Whether you're a seasoned industry veteran or just beginning the process-we can help.
Advantages of Captive Insurance
Increase Control, Reduce Costs
Captive insurance refers to a subsidiary corporation established to provide insurance to the parent company and its affiliates. A captive insurance company represents an option for many corporations and groups that want to take financial control and manage risks by underwriting their own insurance rather than paying premiums to third-party insurers. The advantages of going captive are:
• Coverage tailored to meet your needs
• Reduced operating costs
• Improved cash flow
• Increased coverage and capacity
• Investment income to fund losses
• Direct access to wholesale reinsurance markets
• Funding and underwriting flexibility
• Greater control over claims
• Smaller deductibles for operating units
• Additional negotiating leverage with underwriters
• Incentives for loss control
• Alternatives to the costly practice of trading dollars with underwriters in the working layers of risk
Over 500 companies in Ghana have already realized the advantages of captive insurance operations and still counting. During this Conference, Keynote Speaker Matthew L. Russo would share with you strategies we’re relied upon in the past which are unlikely to produce the desired outcomes for the future. Matthew would unleash the penalty of mediocre insurance strategy and how it can be enormous to us, while the prize for the exceptional may be greater than ever as global discontinuities produce new opportunities for growth and value creation. It is just these conditions that makes the Ghana Captive Insurance Conference the number one choice to your institution, and now more than ever.
By King Sulleyman Bachiesichang
Ghana Association of Certified Consultants & Fraud Examiners