Greg Lang of the Reinsurance and Insurance Network’s third article in a series on the future of work examines the informal economy, where business is neither taxed nor monitored by any form of government.
Many key decision-makers are looking for new ways of using analytics. Sigma’s Michelle Bradley, Enoch Starnes and Al Rhodes discuss how claim lag metrics can be used to determine projected losses.
Executives spend a lot of time worrying about their bank accounts, but the reputational piggy bank is the most important account of all. Captives must think and act strategically in order to ensure they maintain a healthy balance, says Robert Weinhold of the Fallston Group.
Like any other insurance company, a captive needs a strong board to provide the appropriate level of oversight. Scott Bailey of Carr, Riggs and Ingram outlines what boards do, and what characteristics to look for in prospective board members.
Research reports by security firm AlgoSec, the SANS Institute and Kroll all confirm that the greatest threat to your company and network comes not from hackers on the outside trying to get in, but from employees either intentionally or unintentionally causing damage from within. IATA’s Dexter Morse discusses how companies can better protect themselves.
It has been a turbulent start to 2020, with the world battling one of the most significant pandemics seen in a century and financial markets in turmoil. People have rarely faced so much uncertainty, risk and insecurity, but companies with employee benefits captives have one thing less to worry about, says Willis Towers Watson’s Paul McNiff.
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.
Social inflation is on the rise, and with it, loss liability claims. Captives should be aware of this trend and establish strategies to manage the resulting risks, say John Ferrara and Margo Mackenzie of EY.
The alternative risk market has always been creative and responsive to “uninsurable” events, but the COVID-19 pandemic is revealing risk in unexpected places, and challenging old notions about what does or does not constitute insurance. Captives have a real opportunity to step up and help businesses navigate the changing risk landscape, says Gary Osborne of Risk Partners.
Gig workers are playing an increasingly important role in the global economy, a phenomenon that is likely to be accelerated by the COVID-19 pandemic. Captives must adapt to the trend by offering flexibility at work, says Greg Lang of RAIN.