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Captive Insurance Company Jobs in Indiana (NOW HIRING)

Milhaus

Senior Counsel

Indianapolis, IN · On-site

$133K - $181K/yr

Renter's insurance captive * Review and negotiate insurance provisions in contracts. * Analyze ... Company Paid Long-Term leave * Disability and Life Insurance * 401K Match * 4 weeks accrued PTO ...

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Captive Insurance Company information

See Indiana salary details

$23.8K

$61.9K

$115.6K

How much do captive insurance company jobs pay per year?

As of Aug 3, 2026, the average yearly pay for captive insurance company in Indiana is $61,872.00, according to ZipRecruiter salary data. Most workers in this role earn between $42,300.00 and $73,300.00 per year, depending on experience, location, and employer.

What does a captive insurance company do?

A captive insurance company is a specialized entity created by a business to self-insure its risks, providing coverage for specific hazards and managing claims internally. Employees in this field analyze risk, develop policies, and ensure regulatory compliance using industry tools and actuarial skills.

What is the difference between Captive Insurance Company vs Insurance Underwriter?

AspectCaptive Insurance CompanyInsurance Underwriter
CredentialsInsurance licenses, actuarial knowledge, business managementInsurance licenses, risk assessment, underwriting certifications
Work EnvironmentCorporate setting, insurance company offices, risk management teamsInsurance companies, brokerage firms, underwriting departments
Industry UsageUsed by corporations to self-insure risksEvaluates and prices insurance risks for clients

While both roles involve insurance, a Captive Insurance Company is a legal entity created to insure a company's own risks, focusing on risk management and corporate finance. An Insurance Underwriter assesses and prices risks for insurance policies, working within insurance companies or brokers. The two roles differ in scope: captives manage internal risk, whereas underwriters evaluate external risks for clients.

What is a captive insurance company?

A captive insurance company is a type of insurance company that is wholly owned and controlled by its insureds. Its primary purpose is to insure the risks of its owners, and its insureds benefit from the captive insurer's underwriting profits. Captives are often formed by businesses to better manage their risks, reduce insurance costs, and gain more control over their insurance programs. They can be established in various domiciles, both onshore and offshore, depending on regulatory and tax considerations.

What are the key skills and qualifications needed to thrive as a captive insurance company manager?

To thrive as a Captive Insurance Company Manager, you need expertise in insurance regulations, risk management, financial analysis, and typically a relevant degree such as in finance, accounting, or business, along with industry certifications like ACI or CPCU. Familiarity with risk management software, accounting systems, and compliance platforms is crucial for daily operations. Strong leadership, analytical thinking, and excellent communication skills help navigate complex regulatory environments and build relationships with clients and regulators. These competencies ensure the company operates efficiently, maintains compliance, and delivers value to stakeholders in a highly specialized insurance sector.

What are some common challenges faced when working in a captive insurance company, and how are they typically addressed?

Professionals in captive insurance companies often encounter challenges such as navigating complex regulatory environments, ensuring compliance across multiple jurisdictions, and balancing the unique needs of parent organizations with sound risk management practices. Addressing these challenges requires a solid understanding of insurance regulations, proactive communication with regulators, and close collaboration with legal and finance teams. Many captive professionals also participate in industry associations and continuing education to stay updated on evolving best practices and regulatory changes.
What are popular job titles related to Captive Insurance Company jobs in Indiana? For Captive Insurance Company jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Captive Insurance Company jobs in Indiana look for? The top searched job categories for Captive Insurance Company jobs in Indiana are:
What cities in Indiana are hiring for Captive Insurance Company jobs? Cities in Indiana with the most Captive Insurance Company job openings:
Captive Insurance Company jobs near you
Infographic showing various Captive Insurance Company job openings in Indiana as of July 2026, with employment types broken down into 6% Locum Tenens, 67% As Needed, 23% Full Time, 1% Part Time, 1% Contract, and 2% Summer. Highlights an 73% Physical, 11% Hybrid, and 16% Remote job distribution, with an average salary of $61,872 per year, or $29.7 per hour.

Account Manager, Commercial Lines (Captive)

Gregory and Appel Insurance

Indianapolis, IN • On-site, Remote

Full-time

Re-posted 7 hours ago

Job description

Job Type
Full-time
Description
Are you a detail-oriented insurance professional who thrives on building client relationships and delivering outstanding service? At Gregory & Appel, we are looking for a Commercial Lines Account Manager (AM) to join our Captive team. This is a great opportunity to work alongside top industry leaders, support meaningful clients, and advance your career with a company that invests in you and your community.
As a Commercial Lines Account Manager, you will play a vital role on our Captive team in helping clients protect what matters most.
Requirements
Primary Responsibilities:
  • Manage client accounts on our captive line of business
  • Support Producers and Captive Program Leaders with new and renewal business, including the preparation of proposals, quotes, renewal materials, and accurate policy and program documentation.
  • Manage day-to-day captive account service needs, including certificates, endorsements, audits, policy changes, billing inquiries, and other client or program-related requests, while coordinating with carriers, captive managers, and internal partners as needed.
  • Deliver a high level of proactive, responsive, and professional service by building strong client relationships, communicating program requirements and key deadlines, and ensuring timely follow-through on account needs.

Experience and Skills:
  • Property & Casualty license and 3+ years of commercial insurance service experience
  • Strong knowledge of insurance products, markets, and underwriting
  • Excellent communication, organization, and client service skills
  • Professional designations (CIC, CPCU, CRM, CISR, ARM) preferred
  • Applied Epic experience preferred but not a deal breaker

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