Sub-Saharan Africa’s economy has taken a considerable hit from COVID-19 and the resulting global shutdown, underlining the need for businesses in the region to be able to better manage their risk. Cell captives could offer an attractive solution, say Cenfri’s Matthew Dunn and Jeremy Gray, and Ernie van der Vyver of Clyde & Co.
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.
China is a land of many very large companies, and few captives. As the benefits of these structures become better understood, in the longer term Hong Kong can emerge as a thriving captives domicile to rival Singapore. First, it must finish fine-tuning its regulatory regime, says Edward Wu from Willis Towers Watson.
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.
Managing the risk associated with AkzoNobel’s sprawling operation requires a significant amount of insurance. To help meet that demand, the company has a long history with captive insurance, as Captive International found out.
The insurance industry says pandemic risk is uninsurable. In fact, nothing is uninsurable if the problem is approached with sufficient creativity. Unless insurers change their tune, they may be hastening their demise, as businesses look elsewhere for solutions to their pandemic problems, says Butler University’s Zach Finn.
CMS has made a number of changes to MSSP and Next Gen ACOs, some of which are inherent to the individual programmes and some of which have been created and added specifically to counter the effects of the COVID-19 public health emergency. Chris Coulter of Archway Health examines the changes.
Some of the winners of our inaugural Captive International Cayman Awards gathered at a roundtable event in the Cayman Islands, delivered by Captive International and hosted by KPMG. The event, which took place before COVID-19 truly came to the fore, represented an opportunity for the winners to share insights on the captive insurance landscape in Cayman and discuss opportunities around its future growth and success.