Sheraton Centre Toronto, Wednesday, May 27th and Thursday, May 28th, 2015
Mitigate risks, reduce insurance costs and maximize your captive's potential.
Identify cost-effective alternatives to manage your corporate programs
Uniquely designed for Canadian risk managers, this summit is the ONLY place to source practical strategies on risk mitigation and captive management. Identify innovative ways to cut your costs, transfer risks, and manage your premiums.
Through case studies, panels and interactive discussions, source best practices and know-how to get your captive started or expand its operations. Find ways to tailor your insurance product offerings, enhance your captive operations, and learn from the pitfalls and successes of mature ART structures.
Leverage this industry’s collective expertise to help you re-imagine your corporate insurance strategies for 2015 and the years to come.
An American perspective highlighting use of a captive insurance company for Canadian businesses, groups, pools, entities, associations, and producers with potential loss and liability exposure from operations and exports to the US. Discussion of a variety of purposes of using a captive insurance company to treat these exposures and an overview for Canadians as to the process of determining whether a captive would make economic sense.
Choosing a domicile: onshore vs. offshore
The benefits of locating onshore:
- A captive domiciled onshore is a domestic insurer for Canadian tax. Offshore captives may be subject to federal excise tax (10% of premiums) on Canadian risks
- Lower costs for audit and legal fees, travel, and management in BC
- No tax risk or tax governance issues associated with offshore structure
- Valuable executive time is not required for meetings offshore for tax purposes
The benefits of locating offshore:
- Greater regulatory flexibility. Offshore captives usually allow lower minimum capital requirements and may not require regulatory examinations
- Taxes on income are negligible
- Can offer coverages not offered onshore, i.e. certain third party risks
- Greater flexibility to adapt to changing market conditions.