Parametric insurance is generating a lot of attention as a flexible and cost-effective alternative to traditional forms of insurance. Captives offer a good way for companies to access this type of insurance, says Sigma’s Lori Ussery.
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AM Best has revised the outlook of Samsung Reinsurance (SRE) to negative from stable, noting the business, which is largely providing captive insurance to Samsung, remains sensitive to claims frequency, and to pressure on its combined ratio.