Captive CE
Overview
Captives as Risk Transfer Mechanisms focuses on how captives are used when risks are transferred between risk takers to improve risk financing efficiency. It discusses the types of risk that can be placed in a captive, techniques used to quantify risk and develop insurance rates, the underwriting processes, and how reinsurance is used to protect the captive. The course highlights the flexibility of captives in financing risk on or off balance sheet and reviews approaches like finite risk protection, loss portfolio transfers, and special purpose vehicles.
Summary Details
Price
$169.00This course is not subject to discount pricing.
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Learning Objectives
- recognize the risk management purpose of using a captive to finance an entity’s risks, identify the elements of captive insurance, and recognize why a captive can insure many types of risks
- distinguish among various types of captive insurance companies from a risk financing perspective
- identify factors to be considered in evaluating the cost of risk and recognize the various ways in which the costs of financing risks through a captive can be lower than the costs of commercial insurance or self-insurance plans
- recognize the ways in which captive insurance and other risk financing methods can smooth the financial impact of risk
- identify the types of reinsurance and the value that reinsurance can bring to captives
Designed For:
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International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.
Course Information
Adding additional credit may change exam requirements.
| Access Period: | 12 months |
| Prerequisites: | An understanding of risk financing principles and how the insurance industry is structured |
| Advanced Preparation: | None |
| Delivery Method: | Self-Study |
| PDF Download: | Available |
| Provider of Record: | WebCE |
| Field of Study: | Specialized Knowledge |
| Last Reviewed: | April 2025 |
| Study Level: | Intermediate |
| Approved For: | Program Training |
Exam
| Proctor: | No |
| Passing Grade: | 70 |
| Questions: | 50 |
| Retakes: | Unlimited |
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