You will provide Procedant the information and data to run through the full captive formation process and we will help set up your captive insurance company.
Procedant works with their clients to complete a comprehensive captive readiness evaluation for the client’s insurance needs, risk management strategies, and financial situation to determine whether a captive is a viable solution for their business. This process will help ensure that the client is ready to establish and maintain a successful captive insurance program.
Procedant will collect data from the client’s existing insurance policies, loss history reports, financial statements, and other relevant documents for actuarial studies and initial underwriting submission to the insurance carrier, ensuring that all necessary data is accurately collected and analyzed for effective captive formation.
InsureCap is the rate, quote, and bind software that Procedant will utilize to streamline the captive insurance process, providing captive owners with access to a user-friendly platform for managing their insurance needs. The software’s advanced data analytics capabilities allow for more informed decision-making, ultimately resulting in cost savings and improved risk management.
Procedant will work in tandem with InsureCap to ensure continuous and smooth management of the client’s captive insurance program, providing support and updates to the system as needed and maintaining a high level of service for the client’s needs.
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