PCC Captive is a company that has a central core as the “sponsor” that manages cells on behalf of cell owners. The cell of the PCC can insure and/or reinsure the risks of cell owner and acts as captive insurer or reinsurer for the cell owner.
PCC structure is suitable for small captive insurance start up with an annual risk premium starting at USD 250,000 or MYR 1,000,000. The process to set up the cell is less tedious and allows for an exit plan. As the cell is not an incorporated entity, there is no corporate set up and no substance requirement but only onto the core.
You can contact us on the other related costs such as management fees and audit fees or for any other further enquiries.