WTW launches Captive Fit, an analytical and strategic service designed to help companies optimize their captive insurance arrangements, at a time where the captive insurance market is experiencing significant growth, the company said in its press release.

According to WTW, the service leverages WTW’s Igloo solution, a comprehensive risk analytics modelling platform, used by over 1,000 users across 150 property and casualty insurers.

Captive Fit is specifically designed to address the complex challenges faced by captive insurance companies, including reserve, premium, and investment risks. Captive Fit enables organizations to quantify capital adequacy, understand diversification effects, and optimize their risk financing strategies.

"The launch of Captive Fit marks a significant milestone in our commitment to helping clients maximise the value of their ongoing captive insurance programmes", commented Peter Carter, Head of Climate Practice and Head of Captive & Insurance Management Solutions at WTW.