Run Captive Insurance

for industrial operations with clarity

for industrial operations with clarity

Traditional insurers don’t meet your risk-financing needs? With Parakeet, you can take the next step and explore alternative risk analysis the smarter way.

Traditional insurers don’t meet your risk-financing needs? Take the step towards alternative risk analysis, the smarter way.

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black metal canopy frame

Improve underwriting confidence. Make vendor risk legible.

Improve underwriting confidence. Make vendor risk legible.

Elevate

Captive Performance

by cutting the compliance burden

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Industrial captives covering General Liability (GL) and Workers’ Comp (WC) need vendor risk to be visible—not buried in PDFs and inboxes.

Join

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organizations worldwide steering their own risk through captives

Reclaim

0%

of your team's time by pulling vendor risk out of inboxes into your underwriting workflow

of your team's time by pulling vendor risk into your underwriting workflow

Bypass

0%

of premium that commercial insurers spend—keep more capital working inside your risk program

of premium insurers spend—keep capital inside your risk program

of premium commercial insurers spend—keep more capital inside your risk program

Managing risk through your captive

Parakeet is your system of record for

Parakeet: System of Record for

Captive Insurance

Running a captive requires tight control over third-party exposures. Parakeet streamlines risk operations by integrating with your existing captive management infrastructure.

Industrial captives have evolved into strategic risk-financing tools. Don't let scattered vendor data hold your program!

Several large wind turbines standing in a green field under a partly cloudy sky, representing renewable energy generation.
Several large wind turbines standing in a green field under a partly cloudy sky, representing renewable energy generation.
Underwriting requires consistent, comparable vendor inputs
Underwriting needs comparable vendor inputs

Custom GL/WC programs need standardized vendor proof—COIs, limits, safety records, financials. Scattered documents disconnect coverage decisions from actual risk controls—and underwriting becomes guesswork.

The board needs your confidence about risk, not excuses

"Who approved this exception and why?" should take seconds. Instead, exceptions are handled differently by different people, and reporting arrives late—leaving your captive unable to defend decisions to regulators.

Team collaborating around a table with charts.
Team collaborating around a table with charts.
Two women in polka dot blouses sitting at a table, reviewing and discussing documents and paperwork together.
Two women in polka dot blouses sitting at a table, reviewing and discussing documents and paperwork together.
Learning loops don't close? Stop repeating the same mistakes

You keep approving the same risky contractors and paying for the same types of incidents? Parakeet links claims history to prequalification records—so every loss automatically informs future approval decisions.

When people leave, your captive's expertise leaves too?

When a key team member quits, their insights go with them, creating real risk to your captive's stability. Processes, vendor history, exception logic—Parakeet captures it all in documented workflows that survive personnel changes.

Contractor onboarding view in the Parakeet Risk platform.

Captive operations under control

What Parakeet measures,

you can easily manage

risk

Captive boards need real-time visibility into operational health—not monthly spreadsheets. Parakeet tracks the metrics that matter.

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Speed to compliance

Measure your throughput. Track which vendors hit insurance, safety, and training benchmarks—and how fast your team clears them for work.

Throughput can be measurable! Track which vendors meet insurance, safety, and compliance requirements.

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Discipline by numbers

Are deviations spiking? Are exceptions aging? Monitor your exception rate and renewal timeliness before they become a governance problem.

Monitor deviations from standards and the aging of your exceptions. This reveals your captive's operational discipline—or lack of it.

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Risk concentration radar

Don’t let a handful of high-risk vendors dominate your captive’s profile—map exposure hot spots in your ecosystem to catch risk accumulation early!

Where is risk concentrated across your vendor ecosystem? A few high-risk vendors shouldn't dominate exposure.

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Copyright © 2025, All Rights Reserved.

Logo Image

Copyright © 2025, All Rights Reserved.

Logo Image

Copyright © 2025, All Rights Reserved.