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

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Employee stock ownership plan (“ESOP”)

An ESOP is an employee benefit plan that gives the employees an ownership stake in the Company. Generally, an ESOP grants company stock to employees, often based on the duration of their employment.