Companies operating in the current business environment may find hazards hiding around every corner. To be prudent and prevent economic leakage, entities should proactively identify those hazards and structure their affairs to manage risk in a holistic, tax-efficient manner. With EY’s global integrated approach, you can improve cash flow, reduce expenses and use capital more effectively.
EY’s Captive Insurance Services team can determine whether your business structure and operations are suited for a captive insurance arrangement, evaluate your current risk financing structures, and develop feasible and efficient alternatives — all to significantly increase your coverage options while improving cash flow and expense management and reducing overall economic costs. As part of EY’s Global Captive Network, EY’s Captive Insurance Services team is uniquely positioned to efficiently and effectively address domestic or cross-border/foreign issues and advise on planning opportunities.
Risk isn’t going away, and neither is uncertainty. You need a plan that weighs all the options so that your organization does not have to settle for high expenses as a necessary cost of doing business. Let EY show you how.
Fortuity: The concept of unknown
One may think that an arrangement that involves “risk,” by definition, should have fortuity, as risk involves having an uncertainty about the future outcome and a potential for such outcome to be unfavorable. This area does not have a clear demarcation line.
Accounting Standards Update 2015-09 – are you ready?
The Financial Accounting Standards Board (FASB) issued an Accounting Standards update in 2015 designed to increase disclosures about the liability for unpaid claims and claim adjustment expenses for short-duration insurance contracts. Read more about the guidance that is effective for non-public entities.
EY Captive Insurance Services
Our deep global understanding of technical issues helps reduce inefficiencies, mitigate risk, and make the most of emerging opportunities. Learn more about our teams' insights and service offerings.
Avrahami: The wider implications on the captive industry
What does the future hold for captives in the post-Avrahami-decision world? Mikhail Raybshteyn, Paul H. Phillips III and their EY colleagues explore various nuances of the recent court decision.
Advanced product placement: Taking your captive to the next level
Enhanced captive usage is on the rise as a tool that considers unique and practical issues and incorporates the broad set of risks facing organizations in turbulent times.
Cyber risk: How your captive can play a role
Many insurers have been writing cyber coverage for over two decades. EY offers insights on how it is becoming common for organizations to address cyber exposures through the use of a captive.
EY Best Practice: Success in the Captive Industry
In this Captive Review article, Paul H Phillips III, Umer Islam, Mikhail Raybshteyn, and Jenny Colleta discuss how EY evaluates the need for captives.
Serving the global captive market: Unlocking your potential
Whether in US or across the world, members of the EY Captive Insurance Services team and broader EY Global Captive Network can help clients assess, design, and implement a strategy that will be tailored to client’s individual needs and facts.
EY Captive Insurance Services is part of the EY Global Captive Network
For additional information, please contact any of the following individuals. You can also contact us with your questions and comments via email: USCaptiveServicesGroup@ey.com.
Ernst & Young LLP (EY US) Captive Insurance Services — Innovating Risk Management