Worldwide About Us News Careers Contact Denmark


Contact Us
  • Kalvebod Brygge 45, 5
  • DK-1560 Copenhagen V.
  • Denmark
  • Tel: +45 33 73 24 00
  • chartisdk@chartisinsurance.com

    A branch of Chartis Europe S.A. (société anonyme à directoire et conseil de Surveillance), registered in France (RCS Nanterre B 552 128 795).

Captives and other special insurance solutions

A captive solution is just on of several alternatives to traditional insurance solutions or ”Risk Transfer” belonging under our general headline “Risk Management Solutions”. Other typical alternative solutions are loss sensitive or high deductible programs.

A captive solution can be used in difference ways;

·           As high frequency program where the captive retain the risk in the claims frequency layer where most claims occur

·           As catastrophe program where the captive retain the risk for extraordinarily large claims above expected frequency layer.

·           These two types can in addition be combined.

 

Loss sensitive programs;

·           As alternative to a risk paid fully by the Insurer.

·           This solutions has a cap per claim and the expected aggregated claims is maximized to a percentage of the expected claims which implies the risk transfer element.

 

High Deductible programs;

·           The insured retains a large portion of a risk via a high deductible. Risk premium is only paid for the risk in excess of the high deductible.

·           Claims handling below deductible is handled by the Insurer.

Features and Benefits Back To Top

The general benefit of the typical alternative solutions is as Insured to avoid swapping money with the Insurer and at the same time benefit fully of a continuously improving claims pattern based on initiated risk improvement measures.

 

Which type of solution to choose depend on a clients individual needs and wishes.  Of the most common benefits to be mentioned is:

 

Captive programs:

 

A captive gives a company direct access to the reinsurance market and a way to leveling out premium fluctuations over time.

 

Loss sensitive programs.

The insurance program contains a risk transfer part thus an option to a certain degree to budget risk costs.

 

High deductible programs.

The client obtains a more attractive cash flow since only actual paid claims are accounted for. 

 

The LS and HD solutions are more cost efficient vs the captive solution since establishing and running captive costs are eliminated.

Why Chartis? Back To Top

The first captive fronting programme was set up in 1945. 64 years later we have fronted for hundreds of captive and now Chartis Europe incl. UK transact over 70,000 captive claims and over 2 billion USD in captive premiums per year…..This unique experience is founded both regionally and locally via dedicated experts within this area.

 

We have locally multiple years of experience transacting some of the largest and most complex captive solutions for Danish clients both for premium ceding, policy handling (fronting) and practical claims handling on all lines of business.

 

As part of our expertise we have IT solutions and tools to handle both premium flow and claims handling via captives and other alternative insurance solutions.  

 

Our unique global network has a strong record  in handling these type of insurance solutions wherever in the world they might be. This is among others secured through handling of the captives for the largest and most multinational companies in the world.

 

Every client is unique and our solutions is based on individual wishes and needs. Creativity, proactivity and benchmarking of opportunities are in our blood –  naturally also within captives and other altertive insurance solutions.

 

Do you wish to known more? Do not hesitate to contact:……..

Claims Back To Top

Claims reported under captive programs are handled like any other claim. Please see the gudiance under the different products.