Captive Management Services
To minimize disruption and costly mistakes, the transition deserves due diligence from experts who are integrally involved in captive management every day.
FiRMS Services
FiRMS provides setup/feasibility studies, program management, insurance/reinsurance coordination, investment coordination, financial and statutory reporting, and assistance with regulatory compliance.
Insurance Expertise
We bring the unique perspective of insurance professionals — not brokers or consultants. With access to resources such as underwriting, risk modeling, and actuarial analysis, we can provide a comprehensive perspective to clients.
Independence
We are not affiliated with any brokerage operation or other service provider. Our independence allows us to work solely on behalf of our clients, while offering an impartial point of view and the best solutions for your business.
Custom Solutions
We tailor each service package to meet the needs of our clients. You can choose from our menu of services to augment your team’s expertise and capabilities.
Local Presence
Located in Hawaii, we are easily accessible and available for meetings and onsite assessments. We are also highly versed in the nuances of managing captive programs for Hawaii-based organizations.
Global Reach
FICOH is owned by global insurance leader Tokio Marine & Nichido Fire Insurance Company, with an A.M. Best rating of A+. Our affiliation allows us to adapt to our customers’ changing needs. We are comfortable and experienced in designing and managing U.S. domestic or Asia-based programs.
FAQs
What is captive insurance?
Captive insurance is a form of self-insurance where a company creates and owns its own insurance company to cover its own risks.
What types of companies should consider captive insurance?
Companies with large, complex, or unique risks that are expensive or hard to cover in the traditional market; a history of favorable loss; and the financial capacity to manage the risk internally. Examples include construction, healthcare, and manufacturing.
Why do companies go with captive insurance?
A captive insurance company represents an option for many corporations that want to take financial control and manage risks by underwriting their own insurance rather than paying premiums to a third party.