SIGR: the essential data foundation for your captive insurance company

With the rise of captive insurance companies in France, data is becoming the strategic asset par excellence.

Before capitalizing on risk, you need to know about it, measure it and document it. This is precisely the role of an RMIS.

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🧩 1. The French captive: a data-driven risk management tool

At the France Forum Captive 2025, one thing became clear: France is becoming a fertile breeding ground for captives.

With 23 approved structures already in place and 10+ projects under review, the momentum is set to build.

The stakes behind this rise are clear:

• Regaining control of risk
• Stabilizing premium costs
• Benefit from the favorable regulatory framework for resilience provisions

But a paradox persists: before you can take the plunge, you still need a consolidated, reliable and dynamic view of your risks - a goal that is often difficult to achieve in the absence of accessible, structured data.

🗣️ "The French-style captive is above all a data-driven risk management tool."

- ACPR, guidelines

 👉 To meet the regulator's requirements, an actuarial business plan will be required. The strength of the case will be based on the quality of the data available, including a full claims history and projections based on real data.

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If the captive is the structure, the SIGR is the foundation.

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🏛️ 2. Governance: steering the captive with a shared vision

The creation of a reinsurance captive goes hand in hand with robust governance, closely aligned with the Group's strategic objectives.

Involving the company's governing bodies right from the design stage is essential: the board of directors and technical committee must be able to monitor the insurance program and analyze claims experience, as well as the captive's financial statements, solvency and investment performance, which is often delegated to a specialized manager.

Clear, accessible and shared tools facilitate communication between the various stakeholders: captive manager, broker, insurer and group management.

🗣️ "IRMS creates discussion channels that didn't exist before".

- Michel JOSSET,Risk Manager, Forvia

👉 Data-informed governance has the means to make the right decisions :

1. by quickly identifying levers for action
2. by anticipating trends
3. using consistent, reliable and shared information

💾 3. IRMS: the foundation of data and power

In the world of insurance, whoever masters the data holds the power.

💬"There is an asymmetry of information in the management of insurance data. In most cases, they are managed by brokers, insurers or adjusters. With an IRMS, companies regain control."

- Speaker at the "AI & Captives" Forum

An IRMS system can be used to collect, structure and record group claims data, including incidents under deductible, which are often invisible to insurers.

🗣️ "Beyond all the actuarial calculations, claims history is the key."

- Jean-Paul Faugère, ACPR Vice-Chairman

🗣️ "Ideally, incidents should always be recorded, even below the deductible, even automatically.

- Michel JOSSET,Risk Manager, Forvia

This memory becomes a common language between the group, the broker, the insurer and its potential reinsurance captive.

👉 By consolidating data, IRMS reduces pricing bias, improves provisioning and makes scenario modeling more secure.

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Before financing a captive, you have to finance its memory. That memory is data.

The value of an IRMS goes beyond the data: it transforms the insurance function itself.

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⚙️ 4. IRMS: digitizing the insurance function

IRMS does more than simply collect data: it transforms the insurance function into a true risk management center.

Thanks to this financial tool, the CFO is able to translate data into figures - one of the difficulties lies in communicating effectively about insurance with contacts who are sometimes far removed from the subject.

🔹Key functions:

• Centralize incidents and claims in a single, consistent repository
• Monitor financial flows linked to claims management (compensation, deductibles, miscellaneous expenses)
• Produce automated, auditable reporting, compatible with the requirements of regulators including the ACPR
• Interface with ERP systems, accounting tools, broker or insurer platforms, consulting firms and captive managers

🔹Benefits:

• ‍360° view of risk and programs for each Group entity
• ‍Structured, traceable history
• Reliable, quantified and sourced data, ready to be used in the captive's projections

Thanks to rigorous data homogenization and consolidation using integrated Business Intelligence tools, a group can - in less than a year - have a usable claims database.
This is precisely what our teams at Delta RM make possible.

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🏁 Conclusion: Before building a captive, build your data. IRMS is the foundation stone.

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Co-written by

Pierre SOREL, Development Director, Delta RM 

📊 F ind out how Delta RM helps major groups make their risk data more reliable before creating their captive.

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Tanguy Botton-Amiot, Account Manager at SRS Europe

To find out more about SRS: www.strategicrisks.com