Pioneering Captive Insurance Management
A captive insurance company is a subsidiary of a non-insurance entity. It is a special purpose legal entity holding an insurance licence and has, as its primary objective, to insure either its holding company or related companies for all or a proportion of its insurable risks.
A captive can also be used to insure or reinsure the risks of third parties, such as customers, suppliers, or subcontractors.
Mauritius positions itself as a modern Captive jurisdiction with the enactment of the Captive Insurance Act 2015 and having more than 30 years of experience in captive insurance. Mauritius, forming part of various regional blocs like SADC (Southern African Development Community) and COMESA (Common Market for Eastern and Southern Africa), stands a huge advantage in promoting the African continent as the immediate target market. The World Economic Forum report of 219 confirmed Mauritius as the forerunner global competitiveness index for the Sub-Saharan Africa Region Mauritius maintains the top position for more than a decade in the Mo Ibrahim Index of African Governance and is also top in the Ease of Doing Business Index in Africa.
Rogers Capital can assist as follows:
- Initial consulting to establish whether a Captive Insurance Business is a viable solution for your business
- Setting up the Captive Insurance Structure including applying for the relevant license from the authorities
- Ongoing administration of the Captive Insurance Structure
Features of a Captive
Benefits of a Captive
Financial
Risk Management and Claims Control
Insurance Cover
