Blockchain is set to transform the insurance industry, and by extension the captives sector. Matthew Queen, chief compliance officer and general counsel of Venture Captive Management, explores five different angles of how captives will benefit.
With the cannabis industry expected to generate over $20 billion in US sales in 2021 and only a handful of insurers active in this space, there is a prime opportunity for captive insurers to step in. An inherent conflict at a federal level scares away many captive managers, but those not willing to act might get left behind. Matthew Queen, chief compliance officer and general counsel of Venture Captive Management, has the details.
Contractors and sub-contractors in the construction industry face challenges that are not only unique by specialty, but even from one company to the next. Captive insurance is playing an increasingly central role in addressing the day-to-day challenges of this specialised industry, explains Thomas Stokes, managing partner at JLT Insurance Management.
Against a backdrop of high-profile failures and closures of benefit schemes, captives have become an attractive alternative over the last few years, explains David Riley, risk consultant, and Frank Oldham, strategic consultant, at Robus Group.
Melvin Findlay, a specialist with AXA XL’s Captives and Global Programs team based in London, shares his perspective on the opportunities the captive insurance industry offers to young people.
Many group captive programmes have experienced growth—especially in the Cayman Islands. Cayman Captive takes a snapshot of this growing sector.
Cayman is continuing to establish itself as the leading jurisdiction on healthcare, but there are other growth areas to watch. Cayman Captive investigates.
Healthcare captives continue to show positive growth in Cayman, but outsourcing functions from these entities must be done with due care, says Philip Alexander of RSM.
When healthcare costs continue to rise, captives can provide customised transfer solutions that improve the financial management of many employer-sponsored health plans. Anne Marie Towle of JLT Insurance Management (USA) has the details.
There are several key areas that captive owners and international regulators might wish to consider in the pursuit of optimising an insured’s risk finance strategy, as Stuart King of SRS Europe and Derick White of Strategic Risk Solutions explain.