How do you set up a captive insurance company?

Formation is a defined regulatory process, and once the feasibility study is complete, most of the remaining work is execution your captive manager should carry. The path typically runs:

• Finalize the structure. Entity type, domicile, and program design, settled from the feasibility work.
• Prepare the application. The business plan, pro forma financials, capitalization plan, and service providers the regulator will review.
• License review. The domicile's insurance department examines the application and licenses the captive.
• Capitalize and bind. Capital is funded, policies are issued, and the captive begins covering risk, typically timed to your renewal.

Two things are worth knowing before you start. The regulator is reviewing whether the plan is sound, so a well-built feasibility study is most of the application. And your team's lift should stay strategic; Luzern coordinates the specialized trades involved and manages the entire process end to end.