A Captive Insurance Manager is a professional or entity responsible for overseeing the operations of a captive insurance company. This role involves managing the day-to-day activities, ensuring compliance with regulatory requirements, and implementing risk management strategies. The manager coordinates with various stakeholders, including the captive's owners, service providers, and regulatory bodies, to optimize the captive's performance and ensure it meets its financial and operational goals. Common synonyms for a Captive Insurance Manager include Captive Manager and Insurance Manager, with "Captive Insurance Manager" being the most widely used term.
Main/
Captive Insurance Manager
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Code
AT0030
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Name
Captive Insurance Manager
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Version
1.0
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Category
Professional Services & Advisors
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Created
2025-03-15
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Modified
2025-04-02
Related Techniques
Captive insurance managers establish or administer captive insurers that criminals use to:
- Funnel illicit proceeds through premium payments or fabricated claims in setups where criminal parties control both the insurer and the insured.
- Leverage offshore or lightly regulated jurisdictions, reducing transparency and complicating financial institutions’ oversight of premium payments or claim inflows.
By helping form self-contained insurance structures, they further mask ownership and obscure the origin of funds within otherwise legitimate insurance arrangements.
Captive insurance managers establish or administer captive insurers that criminals use to:
- Funnel illicit proceeds through premium payments or fabricated claims in arrangements where the same criminal parties control both the insurer and the insured.
- Leverage offshore or lightly regulated jurisdictions, reducing transparency and complicating financial institutions’ oversight of premium and claim inflows.
- Form self-contained insurance structures that obscure ownership and mask the true origin of funds under the guise of legitimate coverage.