We’re excited to share that our Managing Director, Tony Venning, was recently featured in Insurance News, one of the industry’s most trusted publications.
The article, “The Alternative Option”, looks at the rise of Captive Insurance in Australia and why more businesses are seriously exploring it—especially in today’s unpredictable insurance landscape.
Over the past few years, many Australian businesses have felt the sting of rising premiums, limited capacity and policy restrictions from traditional insurers. In the article, Tony talks about how that pressure has pushed more clients to consider alternatives—namely Captive Insurance.
“We’ve seen an increase in clients and buyers posing questions about captives… how viable are they and how they work,” Tony explained in the interview. “But what hasn’t changed is the barriers.”
What is Captive Insurance?
Captive Insurance gives businesses the ability to create their own insurance structure—something that can be tailored to suit their unique risks. It’s not a quick fix, and it’s not for everyone. But for companies with the right size, risk profile and appetite for control, it can make a lot of sense. Instead of paying increasing premiums to external insurers year after year, businesses can ringfence those funds, take control of claims and even retain profits within the company.
Still, it’s not without its challenges. Captives involve capital, regulation and support from experts in insurance, legal and accounting. For many, that can feel out of reach. That’s where structures like protected cell companies (also known as sponsored cells) come into play. They give smaller businesses access to the benefits of a Captive Insurance model—without needing to set up a fully licensed insurer.
“From a broker’s perspective, it’s about trying to find the best solution for our clients,” Tony said. “If we can’t get sensible pricing or capacity at a reasonable rate from the traditional insurance market, and the client wants us to look at alternatives, then the captive solution—particularly through protected cell structures—can provide a viable alternative.”
We’ve broken all of this down in a way that’s easy to understand in our Captive Insurance article, and for those who are ready to dive deeper, we have a dedicated page on Captive Insurance that covers setup, strategy and real-world applications.
It’s no surprise that Captive Insurance is back on the radar. With emerging risks like cyber threats (see: Cyber Insurance), natural disasters, supply chain issues and rising reinsurance costs, many businesses are now looking beyond traditional options. And with good reason—Captives offer more control, stability and long-term value for those that can implement them effectively.
Click here to read the article by Insurance News.
Is Captive Insurance right for your business?
At Crucial Insurance, we’re proud to be a go-to partner for businesses who want to explore smarter risk solutions. Tony’s feature in Insurance News is a reflection of the work we do every day: helping clients think outside the box and take control of their insurance future, no matter how seemingly difficult the challenge may be.
If you’re a business owner looking to take more control of your insurance strategy—especially if you’ve been hit with rising premiums or limited insurer appetite—it might be time to explore whether a captive structure is right for you.
Tony would be more than happy to have a chat. Get in touch with us to discuss your options.
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