Adam Perea, Vice President of Elite Risk Insurance, discusses the crucial factors in selecting a captive manager. Adam highlights the importance of understanding the manager's expertise, asking the right questions, and ensuring alignment with the business's goals. He covers key considerations such as price, location, domicile, and the types of captive programs available. Adam emphasizes the need for thorough research and due diligence to avoid limitations and ensure the chosen manager can meet all risk management needs effectively.