Asurion captives embracing AI while maintaining human accountability

Captive insurers should embrace artificial intelligence to improve underwriting and claims processes, while ensuring humans remain accountable for key decisions, Captive Review reports from the Bermuda Captive Conference.

That was according to Clifton Sain (pictured), director of captive underwriting at Asurion, speaking at the conference.

Sain said captives are increasingly well-positioned to leverage AI because of their proximity to risk data and emerging exposures.

“Captives are no longer just alternative risk financing vehicles,” he said. “At their best, captives are risk-intelligence hubs for their parents.”

Sain leads the day-to-day operations of Asurion’s captive reinsurance companies and serves as a subject matter expert on captive (re)insurance strategy, governance, and regulatory compliance.

In this role, he works closely with captive insurance managers and other service providers in Bermuda, insurance regulators, board members, and internal stakeholders, ensuring that governance processes, best practices, and strategic objectives are aligned across Asurion’s captives, including WDP Insurance Ltd. in Gibraltar.

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