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With the rise of insurance captives in France, data has become the ultimate strategic asset.
Before you can capitalize on risk, you must understand, measure, and document it. That is precisely the role of an IRMS.
🧩 1. The French-style captive: a data-driven risk management tool
At the 2025 France Captive Forum, one thing became clear: France is becoming fertile ground for captives.
With already 23 approved structures and 10+ applications under review, the momentum is building.
Behind this surge, the objectives are clear:
- Regaining control of risk
- Stabilizing premium costs
- Leveraging the favorable regulatory framework for resilience provisions
Yet a paradox remains: before getting started, you must have a consolidated, reliable, and dynamic view of your risks — a goal that is often difficult to achieve due to a lack of accessible and structured data.
🗣️ “The French-style captive is, above all, a risk management tool fueled by data.”
— ACPR, guidelines
👉 To meet regulatory requirements, an actuarial business plan will be required. The strength of the application will depend on the quality of available data, specifically a complete claims history and projections based on real-world data.
If the captive is the structure, the RMIS is its foundation.
🏛️ 2. Governance: managing the captive with a shared vision
The creation of a reinsurance captive requires robust governance, closely aligned with the group's strategic objectives.
Involving executive leadership from the design phase is essential: the board of directors and technical committee must be able to monitor the insurance program, analyze claims, and also review the captive's financial statements, solvency, and investment performance, which is often delegated to a specialized manager.
To ensure this consistency, transparency and the smooth flow of information are key. Using clear, accessible, and shared tools facilitates communication between the various stakeholders: captive manager, broker, insurer, and group management.
🗣️ “The RMIS makes it possible to create discussion channels that didn't exist before”
— Michel JOSSET, Risk Manager, Forvia
👉 Governance informed by data has the necessary means to make the right decisions:
- by quickly identifying levers for action
- by anticipating trends
- by relying on consistent, reliable, and shared information
💾 3. The RMIS: the foundation of data and power
In the insurance world, whoever masters the data holds the power.
💬“There is an information asymmetry in insurance data management. In most cases, it is managed by brokers, insurers, or experts. With an RMIS, companies take back control.”
- Speaker at the “AI & Captives” Forum
An RMIS allows you to collect, structure, and track the history of the group’s claims, including incidents below the deductible, which are often invisible to insurers.
🗣️ “Beyond all actuarial calculations, claims history is the key.”
— Jean-Paul Faugère, Vice-Chairman of the ACPR
🗣️ “The ideal would be to constantly record incidents, even those below the deductible, and 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, the RMIS reduces pricing bias, improves reserve calculations, and secures scenario modeling.
Before funding a captive, you must fund its memory. That memory is data.
The value of an RMIS goes beyond data: it transforms the insurance function itself.
⚙️ 4. The RMIS: digitizing the insurance function
The RMIS does more than just collect data: it transforms the insurance function into a true risk management hub.
Thanks to this financial tool, the CFO can translate data into figures—one of the main challenges is communicating effectively about insurance to stakeholders who may be unfamiliar with the subject.
🔹Key features:
- Centralize incidents and claims in a single, consistent repository
- Track financial flows related to claims management (indemnities, deductibles, miscellaneous expenses)
- Produce automated and auditable reporting, compliant with regulatory requirements, including the ACPR
- Interface with ERPs, accounting tools, broker or insurer platforms, consulting firms, and captive managers
🔹Benefits:
- 360° view of risk and programs for every entity in the Group
- Structured and traceable history
- Reliable, quantified, and sourced data, ready to be used in captive projections
Thanks to rigorous data standardization and consolidation using integrated Business Intelligencetools, a group can— in less than a year —have a usable claims database.
This is precisely what our teams at Delta RM make possible.
🏁 Conclusion: Before building a captive, build your data. The RMIS is the cornerstone.
Co-authored by
Pierre SOREL, Director of Development at Delta RM
📊 Discover how Delta RM helps large organizations ensure the reliability of their risk data before establishing their captive.
Tanguy Botton‑Amiot, Account Manager at SRS Europe
To learn more about SRS: www.strategicrisks.com
