​Captive insurance is an alternative to traditional insurance that enables businesses to control and customize their insurance program in a manner that is responsive to their financial objectives.

Noteworthy Attributes

• Direct access to the reinsurance market.
• Improved cash flow.
• Increased control over loss programs and claims handling.
• Potential to affordably insure new and/or previously uninsurable risks.
• Premium stability.
• Tailored coverage, deductibles, limits and rates.
• Tax benefits.
• Underwriting gains and investment income.

Ohio's Office of Captive Insurance

• Establishes standards for business/professional support organizations that work with captive entities in the state of Ohio, including;
  • Captive Managers
  • Accountants/Auditors
  • Actuaries
• Provides a structured regulatory process for the initial evaluation, licensing, reporting, analysis and examination of captive insurance companies domiciled in Ohio.
• Reviews captive insurance company strategies and their execution to assess and evaluate operational success and financial strength.
• Strives to understand the impacts of financial, operational and underwriting (risk acceptance) challenges on captive capital and surplus.​
• Supports a business environment for the growth and prosperity of the captive insurance industry in Ohio.
• Works to ensure that captive insurers can meet their contractual and financial obligations.