Captives as an Alternate Risk Financing Technique

Course Info

Risk managers are working with more data now than ever before. Data, combined with the growing availability of alternative risk solutions, can—and oftentimes does—result in more robust risk finance strategies. And more robust risk finance strategies equals more resilient organizations.

But first, risk managers and the c-suite as a whole must understand how to use alternative risk financing techniques, the most common being captives. Captives offer benefits such as stabilization of costs, ability to earn investment income, access to coverage not available in the market and improved claims handling and risk control, among others. This workshop dives deep into the opportunities and risks associated with captive formation and use, and how alternative risk financing can support your organization’s goals.

Download the Workshop Outline

What You Will Learn

Identify opportunities and risks associated with captive formation
Analyze various alternative risk financing solutions that support corporate goals
Develop a captive feasibility study with the assistance of internal and external resources
Analyze risk retention variables
Coordinate captive management with other enterprise initiatives to reduce the organization’s overall cost of risk

November 17–18, 2026

9:00 AM – 4:00 PM EST

MEMBER$825

NON-MEMBER$1,225

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Elise Farnham
President, Illumine Consulting

Registration Closes November 16

Who Should Attend?

This program is for insurance distributors, underwriters, risk analysts, and individuals in entrepreneurial companies who want to learn how to deal with exposure to events that could affect their cash flow.

RIMS education courses are designed primarily for risk and insurance professionals, but anyone within an organization who wants to learn more about a specific topic of interest is encouraged to attend.

Your Instructor

Elise M. Farnham, CPCU, is President of Illumine Consulting, a firm dedicated to providing services to insurance and risk management professionals through continuing education and claims management consulting as well as expert testimony. She has over 40 years of experience in risk management and insurance having held executive positions with Crawford & Co., GAB Robins N.A., The Harmonie Group, and Carson-Brooks.

Ms. Farnham is a member of the CPCU Society, RIMS, and NAIW. She is a member of the Board of Ethical Inquiry for the American Institutes for CPCU and serves on advisory panels for the CPCU, AIC, and ARM programs. In 1993, she was named National Claim Professional of the Year by the National Association of Insurance Women (International) and was national president for that organization in 1998–1999. She was recognized as Insurance Woman of the Year by the Insurance Professionals of Atlanta in 2003 and 2004. Ms. Farnham is a frequent speaker and her articles have appeared in Business Insurance, Claims Magazine, CPCU Claim Quarterly, Today’s Insurance Professional, and Insurance International.

FAQs

What is the policy for cancellations and refunds?

RIMS reserves the right to cancel a course if conditions warrant. In the event of such a cancellation, registration fees will be refunded.

All requests for refunds or changes must be submitted in writing to RIMS at pd@RIMS.org. Registrants who cancel 15 business days or less prior to the start of the workshop can send a replacement from their company or receive credit to attend another workshop with the same duration and cost within a year of the cancelled registration. Please note if the member rate was paid for the original registration and you elect to send a replacement or transfer the credit to another employee of your organization who is not a member, an additional fee will be charged to offset the difference between the member and nonmember rate. No refunds will be issued for cancellations less than 15 days from the start of the workshop.