Captive Companies

Team RealXS offers Captives the ability to record their own standardised insurance products, allowing them to be current and still be able to identify which insurer(s) was the risk carrier on the claim date, even at a later date.

Captives are effectively the advisory insurance company that underwrites and maintains insurance exclusively for a specific large company. Capitvies therefore have all conceivable information at their disposal concerning the risk to be insured. Captives have for many years been in the corner where the blows fall, as they are mostly not informed or are informed too late when insurers cancel their shares.
And those who seek replacement cover only by the renewal date will usually not be able to secure a better deal.

Optimisation/customisation
Captives who put together their own products can offer them optimised and customised cover from a (Re)Insurer, an Insurance Broker, from Insurance Brokers on the Exchange or from Lloyd's.

Continuable
As soon as an Insurer makes it known that it wishes to change conditions or premium, the Captive can signal this immediately. The latest date by which an insurer may cancel is determined by the deadline of usually 3 months stipulated in the policy. But if the Captive states in the terms and conditions of its product that insurers will be invited annually with a request for continuation, this is of course convenient. The policy may not be "continuous" then, but it is continuous.

Co-assurance Optima Forma
These insurers are invited to participate in the insurance cover. One insurer does want to offer 100% coverage. The other will not go beyond 5%.
If 100% coverage is found for its insurance proposition, then the matter is done and  the insurance contract can be concluded.

Policy formatting
Next, the policy has to be formatted.

If the Captive himself is the insurer, then he can instruct for that himself, but the Captive adviser can also have an Insurance Broker do that.