Aon app assesses US firms' captive insurance needs
Insurance professional services firm Aon is offering a US-based app named Aon Captivate to enable clients to assess whether captive insurance is the right option for them. The app provides a feasibility assessment, benefit assessment, benchmarking and cash flow benefit analysis. The process requires responses to questions and select corporate data, and will provide clients with a report that summarises and analyses the data.

Aon launches captive feasibility app

Aon has developed an app, Aon Captivate, for clients to assess whether a captive is the right solution for them through a full feasibility study.



The app allows clients that are interested in captive insurance to evaluate what benefits a captive could provide their organisation.



The feasibility study is split into four sections, including a feasibility assessment, benefit assessment, benchmarking and cash-flow benefit.



The first three sections only require responses to pre-defined question sets, while the fourth requires some limited corporate data such as lines of insurance and their respective estimates loss picks, the corporate weighted average cost of capital and typical federal and state tax rates.



After the study is complete, a report will be sent to the client that summarises the question responses, data entered and the resulting information and calculations.



The report then provides a focal point for internal discussions on whether to explore a captive further.



The app is currently only available in the US.