News
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CICS Services, a risk management and consulting firm, specialising in the formation and operation of captive insurance companies, has launched a new reinsurance pool for property/casualty coverages. 7 August 2019
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Term limits for board members are always important, according to Derick White, managing director of corporate governance and regulation at Strategic Risk Solutions. 7 August 2019
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A panel discussing the optimal composition of captive boards at the VCIA conference has stressed the importance of paying board members, dismissing concerns that this could lead to a conflict of interest. 7 August 2019
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Captive board members must have an understanding of the businesses they are working with to be effective in their roles, according to Margaret Nekic, president at Inspirien. 7 August 2019
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The insurance industry needs “less asinine adverts on TV showing insurance people playing with animals, and more of that marketing budget being spent on educating people about insurance, and encouraging a new generation of people into this industry,” according to Zachary Finn, professor and director at Butler University. 7 August 2019
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Captives are driving innovation to a far greater extent than commercial insurers, according to Michael Maglaras, principal at Michael Maglaras and Company. 7 August 2019
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The insurance industry must be bold and embrace the changes being brought about by the influx of millennials into the labour market, and into the consumer market, according to Laura Drabik, group vice president for business innovation at Guidewire Software. 7 August 2019
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Cyclicality in the supply of insurance can be very frustrating for businesses that need steady, predictable coverage. A captive can offer a solution, but insureds need to know what to expect if the transition is to be a rewarding one, says Steven Gibson of Dealer Risk Services. 7 August 2019
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Captive owners should be more aggressive in their investment strategies and target higher returns from their portfolios than many are currently achieving, according to Andrew Barile, founder and CEO of Andrew Barile Consulting Corporation, a consultant for the insurance industry. 6 August 2019
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CHSI Technologies believes its Captive Manager tool for its cloud-based platform, Connections, will be a real game-changer for its captive clients. 6 August 2019
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