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.
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.
Hong Kong’s new insurance regime could make the territory a hotspot for captives for Chinese companies, and any companies involved in infrastructure projects related to China’s Belt and Road Initiative.
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.