Own the Insurance You Already Pay For
Compare ownership and participation structures for defined insurance risk. Beagle evaluates your policies and loss history; capital, reserves, governance and retained losses belong in the feasibility review.
Feasibility review • Formation • Program management • Claims
Every captive is structured and capitalised differently, and each one requires capital reserved up front. A feasibility review produces the numbers for your portfolio.
- Define ownership or participation
- Structure
- Capital, retained losses and reserves
- Risk
- Feasibility before formation
- Review
What a Captive Actually Is
A captive is an insurer established for defined owner or member risks. Forming a client-owned captive and participating in a resident program are different arrangements, with different ownership and financial obligations.
Traditional
Transfer defined risk for a premium
Policy coverage follows insured terms
With a captive
Retain risk within a defined structure
Risk capital, reserves and claims remain part of the model
| Review | Client-owned captive | Program participation |
|---|---|---|
| Ownership | Confirm the insurer's owners, domicile and governing documents. | Enrollment or a revenue arrangement does not by itself establish ownership of an insurer. |
| Financial exposure | Model capital, retained claims, expenses and required reserves. | Review charges, obligations and any risk retained under the participation agreement. |
| Decision rights | Define governance, reporting and regulatory responsibilities. | Confirm the participant's rights and the provider's responsibilities. |
| Distributions | Any distribution depends on results, reserves and regulatory requirements. | Any payment depends on the agreement and eligibility; it is not guaranteed profit. |
The NAIC explains captive structures. Use the proposed structure and agreements to identify which arrangement you are evaluating.
What We Run For You
Use the proposal to define feasibility, formation and management work, including who handles each service and decision.
Feasibility Review
Review your policies, premium by line, loss history and ownership structure before comparing approaches. A proposal confirms the feasibility work and responsibilities.
Structure and Formation
Compare ownership and participation options, retained risk and the proposed domicile. Identify carrier, reinsurance and regulatory requirements before formation.
Program Management and Claims
Define who handles underwriting, administration, accounting, filings, reserving and claims. The engagement identifies the service providers and your team's decisions.
Is This a Fit For You?
Prepare these inputs for a feasibility discussion. Scale alone does not establish suitability; retained risk, capital and governance need to work together.
- Current policies, renewal dates and premium by insurance line
- Loss runs, open claims and expected retained exposures
- Ownership chart and the entities or assets to be insured
- Capital available for the structure and adverse loss scenarios
- Reserve, reporting and governance responsibilities
- Existing brokerage, captive, reinsurance or program arrangements
Why Run It With Beagle
Review the structure and the management engagement separately, including issuing-carrier identity and each provider’s scope.
- Define the Roles
- Identify the insured organization, captive or participating entity, issuing carrier, manager and claims administrator. The proposed structure and agreements establish each party's role.
- Review Surplus and Retained Losses
- Premium, claims, expenses and required reserves all affect the result. A possible distribution follows the structure, agreement and applicable regulatory requirements; it is not guaranteed revenue.
- Agree Governance and Reporting
- Confirm decision rights, reporting, actuarial review, accounting and filing responsibilities. Keep the scope of the management engagement distinct from ownership of the insurer.
- Compare Your Existing Arrangements
- An existing brokerage, captive or resident program may change the useful scope of a review. Evaluate the current structure before recommending formation or a management change.
Frequently Asked Questions
Common questions about captive structures for large property management organizations.
A captive is an insurer formed to cover defined risks of its owners or participants. Ownership, group and cell arrangements differ. The structure retains risk and has capital, reserving, reporting and governance responsibilities; a management service is not itself ownership of a captive.
Products That Facilitate Property Management
Beagle products work even better together
- Tenant Legal Liability
Coordinate Policy Review and Enrollment
A property waiver addresses specified tenant-caused damage. Policy review, resident follow-up and enrollment follow your lease and agreed program rules.
- Deposit Alternatives
Offer a Monthly Deposit Alternative
Offer a nonrefundable monthly option alongside a cash deposit. Review eligible losses, the selected limit and resident obligations before rollout.
- Pet Damage Waivers
Review Pet Damage and Liability Options
Address eligible accidental damage and applicable on-premises bodily injury under the selected program terms. This is different from veterinary insurance.
- Renter’s Kit
Build a Resident Benefits Package
Choose benefits for your residents and set the resident price. Review package costs, activation, billing and fulfillment before launch.
