Assessing and subsequently mitigating those risks can be an even greater challenge.
A captive is an insurance company set up by its owners primarily to insure against its own specific risks. Organisations that have taken such a considered, strategic approach have reaped considerable rewards in reduced costs and improved coverage. Many international businesses have found that an insurance subsidiary is the best means of creating and administering a global risk management programme.
Aon is a world leader in captive and insurance management with over 1,200 clients representing 20 per cent of the market. We have more than 30 years of proven experience and work in almost every recognised domicile worldwide.
Our Australasia practice, manages numerous Australian and overseas-owned captives, and provides the administrative services to a large-scaled and complex Lenders Mortgage Insurer. We have an experienced management team in place to deliver integrated services that meet business needs.
Consultants experienced in a range of disciplines ensure that your risk exposure is better understood and managed. We offer creative solutions that are cost-effective and incorporate creative use of capital and other resources such as access to reinsurance markets and specialised insurance vehicles.
In an industry where understanding local practice and protocol is as important as good management, and where corporate governance and regulation is constantly shifting, on benefits from a knowledge base of nearly 500 staff drawn from all sectors of insurance and financial communities from many linguistic and cultural backgrounds. Our people inject a high degree of individuality, unique problem solving and innovation into the advice to and management of each captive insurance company.
Aon takes its reputation as a top quality captive manager very seriously. We enjoy close and respected working relationships with regulatory bodies around the world. Through meticulous due diligence and review processes we add credibility to the companies we already represent or propose for approval.