Evolving risks prompt intelligent thinking for captives - Airmic
As captives play more of a central role in risk financing, it is becoming increasingly important to equip them with accurate and relevant data to make informed underwriting and appetite decisions, according to a panel at the 2025 Airmic Captives Forum.
Moderated by Julia Graham, the chief executive of Airmic, the panel consisted of Ryan Dodd, founder & chief executive of Intangic and Charles Winter, head of strategic risk consulting at Aon.
Winter said that the market was seeing accelerating risk intelligence in captives and that actuarial, capital optimisation & exposure management tools are now available & must be used correctly to price risks correctly & management risk correctly for captives.
He explained that democratising analytics are now being looked at via risk analysers and that Aon has a growing suite of risk analysers to help clients make better decisions with confidence.
It is important to taker a longer term view of climate, he said and then said that when it cane to emerging risk analytics Aon has created an AI to look at critical risk intelligence from global media, which analyses a wide range of emerging risks including supply chain issues and reputational risk.
Looking at cyber risks, Dodd stressed that risk intelligence is important, especially when it comes to demystifying cyber speak – risk managers need to almost literally translate the complex terminology that IT experts can use to describe cyber attacks in order to understand the risk correctly. This allows them to fill in any missing information gaps in cyber risk and identify where the gaps are in any assessment of real risk. Must understand.
Dodd added that a captive defence posture must be realistic when it comes to realising what the actual situation in terms of threats, as cyber risks must be accurately quantified to gain an objective view of the correct level of risk and what a captive needs to be able to ready for.
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