Willis has launched its new Captive Fit service to help companies optimise their captive insurance arrangements.

The service uses WTW’s Igloo risk analytics platform, which the firm says has been deployed by more than 1,000 users across 150 property and casualty insurers.

Captive Fit is designed to address key challenges faced by captive insurers, including reserve, premium and investment risks. By applying advanced analytics and stress testing, it aims to help organisations assess capital adequacy, understand diversification effects and optimise risk financing strategies.

Peter Carter, head of climate practice and head of captive and insurance management solutions at WTW, said: "The launch of Captive Fit marks a significant milestone in our commitment to helping clients maximise the value of their ongoing captive insurance programmes. In today's dynamic financial landscape, ensuring that captive programmes are fit-for-purpose is more critical than ever."

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