| PRODUCTS AND SERVICES
CAPTIVES, self insurance.
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A captive company is a subsidiary belonging to a Group. It receives insurance premiums from different companies of the Group to meet risk retention and payment of reinsurance premiums that the company contracts for its own protection.
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 Thanks to Captive companies' fiscal advantages it is possible to start the self insurance without risk. Through a Captive company we can generate a provision of money, in case of future accidents, much higher than if the risk is assigned to insurance market like traditionally. With the purpose of guarantee professional management of managed “own risks” -avoiding inappropriate practices- we need a “Captive manager”: independent expert approved by the DGSFP (Dirección General de Seguros y Fondos de Pensiones), General Directorate for Insurances and Pension Funds. He must be executive and member of the Captive Board. ARTAI keeps specific collaborations with the main management companies in Spain.
ARTAI provides its experience and contacts to set reinsurance captive companies in motion, offering to companies the following for captive establishment and maintenance.
 Consultancy, Audit and Risk Management
- Risk Control Engineering
- Collaboration Agreements with Captive Managers
- Fronting Business
- Captive Protection Reinsurance Business
- Etc.
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