GET AN ESTIMATE
OUR PROCESS
From Data to Captive: A Strategic Process to Control Risk and Build Surplus.
GET AN ESTIMATE

Data Collection

We start with a data-driven analysis of your insurance program. We offer a quick questionnaire option and a more in-depth survey. This includes copies of current Core coverages (Workers’ Compensation, General Liability, Property, Fleet, Healthcare) as well as Non-Core or specialty policies (D&O, E&O, Fiduciary, Stop Loss, Cyber, etc.). 


This foundation gives our actuaries a holistic view of your exposures, allowing us to identify where a captive can best offset costs and capture surplus.

TAKE THE QUESTIONNAIRE

Program Analysis

Our specialists analyze your program across Core lines (coverage, limits, deductibles, Self-Insured Retention, funding) and Non-Core lines (coverage gaps, emerging risks, specialty exposures).


Using SeCAP’s Off-Set Strategy™, we highlight overlaps, gaps, and opportunities—ensuring your policies work together as part of a comprehensive enterprise risk strategy.

CORE
NON-CORE

Strategic Approach

We meet with your leadership team to review findings and present data-driven recommendations. This includes captive structures tailored to your mix of Core and Non-Core coverages, with clear guidance on policy design, limits, deductibles, surpluses, and premiums.


Our Off-Set Strategy™ ensures adjustments in one area to actively close gaps or support opportunities in another, through robust Enterprise Risk Management (ERM) which create balance and resilience across your risk portfolio.

ENTERPRISE RISK MANAGEMENT (ERM)

Implementation

SeCAP guides you through every step of captive formation, including governance, policy language, feasibility studies, and regulatory approval. We coordinate with reinsurers and captive sponsors to finalize a program that balances high-frequency Core risks with surplus-generating Non-Core risks.


The result: a captive that is efficient, compliant, and structured for long-term growth.

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Ongoing Partnership

Our role doesn’t stop at formation. SeCAP serves as a long-term partner, managing regulatory compliance, financial reporting, underwriting support, and service provider coordination.


Through continuous optimization, we ensure your captive remains aligned with ERM principles—reducing redundancy, controlling costs, and protecting against evolving risks.

SEE OUR CASE STUDIES

See How SeCAP Can ChangeYour Business

Connect with us to schedule a call to review your unique needs and see how we can help.

ANSWER 5 QUICK QUESTIONS TO GET STARTED WITH AN ESTIMATE

Core Lines of Insurance

Generally, “Core lines of insurance” refer to the most common and fundamental types of insurance coverage businesses typically obtain to protect themselves against everyday risks. As it applies to commercial entities:  policies are tailored for organizational protection against various risks they may encounter; for example:

CORE RISK

Property

General Liability

Directors & Officers

Umbrella

Health Insurance

Title Insurance

Worker Compensation

Professional Liability

Auto Liability

Auto Physical Damage

Private Mortgage

Core insurance protects against unforeseen events, allowing businesses to navigate their daily lives and operations without facing potentially catastrophic financial consequences.

Business core lines of insurance are structured in various ways to address the specific needs and risks faced by different types of businesses. However, most commercial insurance policies share a fundamental structure, typically consisting of the following key components:

General Liability Insurance: Covers claims related to bodily injury, property damage, and legal fees if a business is sued.

Commercial Property Insurance: Protects a business’s physical assets (buildings, equipment, inventory) from damage due to events like fire, theft, or vandalism.

Commercial Auto / Fleet Insurance: Covers vehicles used for business purposes against accidents and related damages.

Workers’ Compensation Insurance: Covers medical expenses and lost wages for employees injured or ill due to their jobs.

Non-Core Lines of Insurance

“Non-core lines of insurance” refer to specialized or additional insurance coverages that go beyond the basic, commonly purchased policies like property and general liability, tailored to address specific risks or unique aspects of a business’s operations.

Examples of non-core insurance

Enterprise Risk
(operational with in business)

Administrative Actions

EPLI (Employment Practice Liability Ins.)

Litigation Defense Expense

Cyber Risk

Reputational Damage

Product Liability

Legal Expenses

Commercial Crime

Errors & Omissions

Short-Term Disability

Long-Term Disability

Enterprise Risk
(strategic world/economy that impacts business)

Business Interruption (pandemic)

Key Contract Termination

Competitor Entrance

Key Customer Loss

Subcontractor Default

Key EMployee Loss

Kidnap, Ransom, & Extortion

Loss of Franchise

Business Risk Indemnity

Terrorism

Supply Chain Interruption

Regulatory/Legislative Change

Conditiona Difference

Broad Form Property Damage 

Warranty

Non-Core lines of insurance traditionally provide higher surpluses compared to Core lines of insurance. This is largely due to several factors:

  1. Less regulation and increased pricing flexibility:– E&S, or non-core lines of insurance operate with less regulatory oversight compared to lines of insurance for core risks.
  2. Regulatory flexibility: The regulatory framework for non-core insurance allows SeCAP sponsored captives to price policies more dynamically for unique and high-risk coverages; while, providing the opportunity for greater surpluses.
  3. Ecosystem: SeCAP provides experienced and certified actuaries, underwriters, legal, financial and regulatory fiduciaries that work for your company.

In 2024, the non-core insurance (E&S) market experienced unprecedented growth, achieving a remarkable 21% compound annual growth rate over the past five years and surpassing $104 billion in premiums in 2023, according to a 2024 Conning report.

Enterprise Risk Management as the Foundation

At SeCAP, we believe Enterprise Risk Management (ERM) is a key element in controlling insurance risk. By taking a holistic view of risk across the entire organization, we identify where exposures can be transferred, retained, or insured within a captive. This proactive, enterprise-wide strategy ensures businesses are not just buying policies but building long-term resilience and financial stability.

ERM and Insurance: A Crucial Partnership:

Within an ERM framework, organizations determine which risks are:

  • Retained: meaning the organization accepts the potential loss and manages it internally.
  • Reduced/Mitigated: implementing controls and strategies to minimize the likelihood or impact of the risk.
  • Transferred: shifting the financial burden of a risk to another party, typically through insurance.

 

Effective Enterprise Risk Management leads to a more strategic and cost-effective approach to insurance, as policies are tailored to the organization’s specific needs and risk profile. A successful ERM program is a continuous cycle of identifying, assessing, prioritizing, and responding to risks, with insurance playing a key role in the overall strategy.