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.
A GAO report was intended to shed some light the use of captives as abusive tax shelters. Instead it only risks perpetuating misunderstandings, says Bradley’s Davis Smith.
Barclays Corporate Banking is the platinum sponsor of this year’s Bermuda Captive Conference. Ahead of the event, Captive International sat down with James Morris, head of UK insurance and captive banking, to discuss how Barclays is supporting the sector.
Captive insurers participate in the largest and most complex multinational insurance programmes, but often lack the operational resources and technology typically found at commercial insurers to support compliance and programme management, says Daniela Dinkova at Sovos.
In the last of a four-part series on the growing role of the gig economy and its implications, Greg Lang of the Reinsurance and Insurance Network discusses the trade-off between employee protections and flexibility.
An objective review of the design and operating effectiveness of internal controls is instrumental to ensuring continued success in the remote working environment, say Johnson Lambert’s Kathryn Gifford and Raina Tripp.
COVID-19 has destabilised the global economy and increased risk across all types of business. Run-off solutions can help captives better manage these risks, say Steve McElhiney of Artex and Carolyn Fahey of AIRROC.
The consensus of the insurance industry is that pandemic risks are uninsurable. This is probably correct, at least where the business interruption exposure is concerned, but not for the reasons that are commonly cited, says Greg Lang of the Reinsurance and Insurance Network.
The real estate industry faces a number of significant headwinds. An increasing number of property managers are looking at tenant liability captive insurance programmes to help them navigate these turbulent times, says Bradley’s Davis Smith.
There is very little consistency between countries when it comes to insurance tax reporting, and captives managers need to stay across the nuances to avoid trouble. Daniela Dinkova of Sovos explores some of the differences.