The company benefits from the vast expertise of insurance professionals within the Atlas Group. Our staff includes several Fellows and Associates of the Chartered Insurance Institute and other business related qualifications, and a network of specialists that include legal and financial advisors.

Our Services include:

• Feasibility Studies
• Preparation of Business Plans
• Incorporation and Registration of insurance companies
• Assistance in the application process and regulatory compliance matters including the submitting of necessary statutory returns
• Underwriting support and claims handling including
  • Ensuring appropriate cover is provided for an appropriate premium leading to an underwriting profit
  • Agreeing on reinsurance contracts with fronting companies if necessary
  • Production of insurance policies
  • Amendments & endorsements maintained on a timely basis
• Reinsurance
  • providing assistance in seeking reinsurance and designing the reinsurance programme
  • monitoring of terms & documentation to ensure that the captive is fully protected to the extent expected
  • notifying reinsurers of claims and ensuring speedy settlement
• Accounting and back office administration including budgets, cash flow forecasts, policy statistics, loss reports and management accounts
• Corporate services including board meeting facilities and company secretarial services

1. Review of

• Adequacy of Current Insurance Programme
• Risk exposure
• Claims profile - such will dictate changes in levels of underlying deductibles, captive retention & type & cost of reinsurance programme

2. Background to Captives

3. Operational Issues

• Reinsurance Basis
• Implementation Proposals
• Management Services that will be provided by the Management Company
• Development Potential

4. Examining financial elements including financial projections under a number of scenarios

• Premium Volume - Study will need to analyse relationship between premium volume available, the overall exposure at both individual & aggregate levels & the spread of risk within the portfolio, in order to ensure it is sufficient to meet both the costs of reinsurance & retained losses.
• Investment policy has to be determined bearing in mind need to maintain sufficient liquidity, to provide inflation protection, to make settlements in foreign currencies, & to optimise return from fund.
• Financial Projections for 3/5 Years
  • Includes Best and Worst Case Scenario showing potential variability of results
  • Shows advantages of compounding of investment income and earnings
  • Shows how Reinsurance Programme limits the captive from large losses / events / accumulation of losses