Willis Towers Watson (WTW) has launched ‘Captive Fit,’ a new digital tool designed to help businesses evaluate the viability of establishing a captive insurance company as part of their risk management strategy. The solution aims to streamline the decision-making process by providing data-driven insights and customised recommendations.
Captive Fit analyses a company’s existing insurance structure, risk exposure, and financial objectives to determine whether forming a captive is beneficial. The tool assesses factors such as cost savings, control over coverage, and long-term risk financing advantages. By integrating global benchmarking and scenario modelling, it enables more strategic captive formation and optimisation.
WTW stated that the tool would help both new entrants and existing captive owners to reassess their programmes in light of emerging risks and regulatory changes. This launch reinforces WTW’s commitment to providing innovative, tech-enabled risk solutions in an increasingly complex global insurance environment.
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