Yuji, Maeda; Yoshihiko, Suzawa; A, Scordis Nicos - In: Asia-Pacific Journal of Risk and Insurance 5 (2011) 1, pp. 1-24
We examine how a Japanese firm can derive the most value from a captive insurance company. We use actual data on losses, captive operating costs, interest rates and foreign exchange rates to simulate cash flows from a hypothetical pure captive. We examine three domiciles popular with Japanese...