Virtual Captive

A Virtual Captive can retain the financial mechanics of a traditional captive with one major difference: Swiss Re Corporate Solutions (SRCS) handles the set-up and the administration of the supporting balance sheet, virtually taking it off your balance sheet. A virtual captive makes sense if:

• You want to avoid or defer the cost behind the set-up, the need to inject capital and the regulatory complexities
• You want the insurer to bear the cost of running a (re)insurance legal entity and the related governance
• The traditional captive reasons for self-insurance via an insurance vehicle also apply to you

• No set-up cost and no need to navigate the regulatory complexities
• No expenses for captive management services, actuarial, audit and other fees
• Speedy implementation; simple, clean exit options; Swiss Re Group financial strength

• Types of risks are limited to those that reflect the insurer‘s license, capabilities and risk appetite
• Flexibility of the Virtual Captive structure is reduced for the term of the agreement. Once the Virtual Captive insurance agreement is signed, parties are bound for the entire term, and any changes require mutual agreement