The availability of cheap insurance from commercial providers has prevented airlines from leaning too heavily on their captives. However, rates have been increasing, and with the outlook for the global economy looking grim, airlines are looking for creative ways to cut costs and improve risk management. Captives can help them with that, as Captive International reports.
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An ill-judged response to the COVID-19 pandemic could trigger a flight to alternative transfer options such as captives, according to Airmic, the UK association for risk and insurance professionals.