News

Actuarial & underwriting

Defining and modelling adverse scenarios for captive insurance

New and existing captives must provide adverse scenario modelling as part of their feasibility and application process, but most domiciles do not explicitly outline the specific adverse scenarios that should be included. Captives should engage their actuaries early and often, say Enoch Starnes and Michelle Bradley at Sigma.   7 April 2020

Actuarial & underwriting

Life science captives: time for a refresh?

Life science companies originally flocked to captive insurance due to a lack of meaningful product liability insurance capacity. As rates harden and terms and conditions tighten, captives can once again ride to the rescue, say Aon’s Anne Christine Fischer and Simon Huttley.   6 April 2020

Actuarial & underwriting

Healthcare providers urged to use captives to fill the gaps in commercial cover

Healthcare providers should be using their captives to fill in the gaps that have been exposed by the COVID-19 pandemic, ensuring they have more comprehensive coverage going forward, according to Michael Maglaras, principal of Michael Maglaras & Company.   31 March 2020

Actuarial & underwriting

Cannabis and captives

Captives can offer flexibility in managing the emerging risks faced by cannabis companies, offering insurance where the market is limited or has excluded certain coverages, says Alexandra Gedge of Marsh Captive Solutions.   31 March 2020

Actuarial & underwriting

Customer service is key for captives

Captives have a natural advantage over commercial insurance companies due to the intimacy of their relationship with their client and owner. But they should never take that relationship for granted, and should prioritise customer service and communication the way a business would with any other customer, says Anders Esbjörnsson of NCC Insurance.   30 March 2020

Actuarial & underwriting

RiskGenius to enhance Guy Carpenter's silent cyber detection

Guy Carpenter has entered into a strategic relationship with RiskGenius to enhance its detection and qualitative analysis of silent cyber exposure across multiple lines of business.   25 March 2020

Actuarial & underwriting

Pandemic insurance? I’d have been laughed out of the conference room! Yet captives could be part of the solution

Most companies were utterly unprepared for the onset of a pandemic as disruptive as COVID-19, with a number of risk managers admitting it was not on their radars. But once they have navigated their companies through the immediate future and business starts to return to normal, they know that will have to change. Captives could be part of the solution. Solomon Teague reports.   24 March 2020

Actuarial & underwriting

AM Best creates COVID-19 stress test for rated insurance companies

AM Best is developing a stress test to apply to its rated insurance companies' balance sheets to gauge the impact of the COVID-19 virus fallout on their businesses.   19 March 2020

Actuarial & underwriting

A buyer of insurance or a seller of risk?

Risk managers and CFOs need a plan when approaching the commercial insurance market that will set them apart from the crowd of insurance buyers, says Ryan Ralston from Elevate Risk Solutions.   16 March 2020

Actuarial & underwriting

Growth will be driven by rise in non-traditional risks: Captive Alternatives

Captive Alternatives is anticipating a rise in emerging and non-traditional risks, such as cyber, reputational, supply chain and employee benefits, which it sees as among the key drivers for growth this year.   10 March 2020

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