The Problem
As the global insurance market continues to harden, organizations are increasingly facing multiple challenges:
Limited Coverages
Coverage options for new policies are more limited, and insurers are reducing or eliminating certain coverages on renewal.
Denied Claims
Insurers are increasingly denying claims. Business interruption claims due to COVID-19 are an example.
Solution
The Solution
An online insurance marketplace where groups and associations can easily and cost effectively setup their own captive insurance company to provide customized coverages to their members while participating in the profitability of the underlying insurance program.
Broader Coverage
A captive may be able to provide coverages where the conventional market is unwilling or unable to for certain risks.
Lower Premiums
With a good loss ratio, the captive has the potential to reduce or at least stabilize the price of coverage.
Customized Coverages
A captive has complete freedom to insure any risk it chooses and to customize the terms and conditions of its policies.
Improved Claims Handling
A captive is also able to establish its own claims handling policies and procedures.
About
Find Out More About Us
Captive8 was created out of the need to reduce the cost and complexity of captive insurance for small to medium sized organizations.
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Who We Are
We specialize in the setup of captive insurance companies for associations and groups. "Association" or "group" captives are insurance companies that are owned and managed by multiple non-related organizations. Among other things, they offer the opportunity for members of a group or association to participate in the profitability of their own insurance program.
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Vision
To give small and medium sized businesses the opportunity to participate in the profitability of their own insurance programs while simultaneously having more control over claims and underwriting.
Shafeen Mawani
CEO & President, Fortress Insurance
Fortress has a long-standing goal to collaborate with, and explore, new insurance product niches and insurance programs. The concept and technological framework of Captive8 is something new and exciting and we're happy to explore this adventure with their team.
Barrie McWha
Partner, Wedgewood Golf Management
I am excited to work with this team on a project that is exciting for both golfers and golf courses. Today we can offer contests that will attract people to the game, and benefit golf courses everywhere.”
James Clay
CEO, J.T. Insurance
Captive8 offers brokers an innovative tool to deliver customized insurance solutions to their clients while maintaining control and transparency.
Adam Niman
Niman Financial Inc. and Co-Founder of Kibono Inc.
Captive8’s smart contract technology brings transparency and efficiency to investing in captives' capital reserves, offering secure management and confidence.
Marjan Madani
Co-Founder, Marjan Davinci Laser & Cosmetic
Captive8's innovative platform brings a new level of efficiency and control to the insurance process, making it easier for businesses like ours to explore tailored risk management solutions while focusing on growth and client satisfaction.
Products
First Products
The first products on Captive8 include a portfolio of coverages.
- All
- Prize Indemnity
- Property
- Credit
- Weather
F.A.Q
Frequently Asked Questions
These FAQs address some of the most common questions about our platform.
- What is a captive?
A Captive insurance company (“Captive”) is a specialized private insurer that is usually setup to provide coverage for a specific risk. Captives accept premiums that would normally have been paid to a regular insurer. If the claims paid are less than the premium collected, the captive makes a profit, just as a regular insurance company would. The difference is that the Captive owner benefits, not the regular insurer.
- Are captives used by many organizations?
Captives make up 2% to 3% of the commercial insurance market and have been growing steadily in popularity since the 1960’s when the first captives were being formed in Bermuda. Today, Captives are a fixture among Fortune 1000 companies. Many smaller companies and even groups of individuals also use Captives. Competition has driven down captive formation and operational costs to the point where Captives have become a realistic option for even relatively small organizations.
- What are group and association captives?
Association Captives are setup to insure the risks of its members. An example of such an association could be a condominium homeowners association, whose members are the Stratas. Group Captives are like Association Captives and are made up of a collection of like-minded organizations that band together to form an insurance facility that retains some risk but spreads the risk of unanticipated losses among each other, thereby diminishing the impact of a bad loss year for one or more of its members.
- I'm a small business owner, can I setup a captive on your platform?
Individual businesses can't setup their own captive on our plaform, but the groups or associations that represent them can.
- Why should my company join a group or association captive?
The insurance marketplace commonly goes through its “hard” and “soft” cycles where premium fluctuations have little relation to individual loss experience. These swings can be avoided by joining with other like-minded, successful companies to create your own group or association captive insurance company, making your costs more predictable and stable. In this way, you can lower your costs and earn investment income — both benefits you won’t receive from a traditional insurance company.
- I'm an industry association, how do I get started?
Simply contact us and we'll go through the process of setting up a captive on our platform to provide insurance coverage to your members.
Recent News
Captive News
Stay up-to-date with the latest developments and insights in captive insurance.
Mark Tolotos leaves Skyward for Ascot
Publication Date: 2025-07-04 6:41:02 PM Mark Tolotos leaves Skyward for Ascot: Mark Tolotos has been appointed as the Senior Vice President of Captive Solutions at Ascot, joining from Skyward Specialty Insurance where he was Senior Vice President, He...
Published on: Jul 04, 2025
Cyber risks top concern for D&Os, WTW finds
Publication Date: 2025-07-03 6:41:02 PM Cyber risks top concern for D&Os, WTW finds: Cyberattacks and data loss are the leading concerns for directors and officers (D&Os) globally, revealed by the Cyber Directors’ and Officers’ Survey Report by Willi...
Published on: Jul 03, 2025
Microcaptive insurance arrangements subject to new rules
Publication Date: 2025-07-01 6:41:02 PM Microcaptive insurance arrangements subject to new rules: Final regulations define listed and interest transactions for microcaptive insurers, effective January 14, 2025. Taxpayers involved in such transactions...
Published on: Jul 01, 2025
Parametric solutions for captives
Publication Date: 2025-06-30 6:41:02 PM Parametric solutions for captives: The global parametric insurance market, valued at $16.2 billion in 2024, is expected to grow to $51.3 billion by 2034 at an annual rate of 12.6%, driven by rising climate thre...
Published on: Jun 30, 2025
A competitive organisational edge
Publication Date: 2025-06-30 6:41:02 PM A competitive organisational edge: Amid persistent global uncertainty, strategic risk management and the use of captive insurance firms are key in safeguarding and enhancing stakeholder value. According to the...
Published on: Jun 30, 2025
Reeves Plans Rule Change to Create UK Captive Insurance Market
Publication Date: 2025-06-30 6:41:02 PM Reeves Plans Rule Change to Create UK Captive Insurance Market: The UK government is set to announce changes to regulations aiming to establish a UK captive insurance market potentially worth billions, enhancin...
Published on: Jun 30, 2025
Final regulations make micro-captive insurance arrangements listed transactions
Publication Date: 2025-03-24 7:00:00 AM Final regulations make micro-captive insurance arrangements listed transactions: On January 14, 2025, the Department of the Treasury issued final regulations (T.D. 10029) reinstating micro-captive insurance tra...
Published on: Mar 24, 2025
Team
Our Team
Our team consists of leaders in insurance, technology and investment.