XN Captive offers a fully integrated platform for planning, forming, and managing captive insurance, utilizing AI-driven optimization and automation to streamline the process. This solution addresses the high costs and complexities of traditional insurance by enabling businesses to customize coverage, retain surplus profits, and improve risk management efficiency.
Funding
$3.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses face challenges with traditional insurance, including high costs, inflexible coverage options, and complex management processes. These issues can lead to inefficient risk management and limit the ability to retain surplus profits.
Solution
Luzern Risk (formerly XN Captive) offers an integrated platform designed to streamline the planning, formation, and management of captive insurance programs. The platform provides a digital experience with interactive tools, deep analytics, and full integration of professional services, reducing the time commitment and costs associated with captive management. By using Luzern Risk, businesses can customize their coverage, improve risk management, and retain profits, transforming insurance from a pure expense into a strategic asset. The platform integrates nine professional services into a five-step captive formation plan, offering clarity, intelligence, and flexibility in captive solutions.
Target Audience
Luzern Risk targets mid-market businesses across various industries, including commercial real estate, franchises, transport & logistics, and financial institutions, seeking greater control and flexibility over their insurance programs.
Features
- Digital dashboard for real-time monitoring of financial health, surplus trends, and compliance metrics
- Interactive tools for scenario modeling and projected captive performance visualization
- Centralized, secure document access with sharing and download capabilities
- Claims integration for tracking loss development and reserve metrics
- Risk assessment quiz to identify captive potential
- Actuarial feasibility studies and captive business plan development
- Streamlined captive formation process with integrated professional services
- Customizable coverage options to match specific risks and close coverage gaps