Insurtech startup CaptiveSimple on Tuesday launched a platform to automate the captive formation process.
The software as a service platform replaces manual processes with real-time data, the Cheyenne, Wyoming-based company said in a statement.
The platform features a web interface, multi-captive dashboards, and reporting tools for financial and claims data.
CaptiveSimple was founded last year by CEO David Richter; Whitney Benson, chief operating officer and chief technology officer; and Brandon White, chief growth officer.