Articles
How Do Captive Insurers Use Reinsurance?
A captive is an insurance or reinsurance company set up exclusively to insure or reinsure the risks of the group to which it belongs. A captive insurer may operate as a direct insurer or a reinsurer. Read on to find out more about how captive insurers use reinsurance. Read More
Basics of Loss Development Triangles
As a member of the board of a captive insurance company, you have a responsibility to understand the key concepts that underpin how the captive performs. This second in a series of articles continues this educational process, focusing on the concept of loss development. Read More
ERM Basics for Group Captives
In this primer for how group captives can begin the enterprise risk management (ERM) process and develop the necessary expertise, we explore why the board should have an ERM committee as well as its responsibilities and charter. Read More
Communication Is Key to Successful Collateral Negotiations
Collateral negotiations can often be contentious. While collateral is required for a variety of insurance programs, opinions of how much collateral is necessary can differ significantly. An objective discussion between the actuaries behind the loss projections on both sides of the negotiation can help find valuable middle ground. Read More
Key Concepts for Captive Insurance Reinsurance Contracts
We take a look at some key concepts and reinsurance contract clauses that can help minimize the likelihood of a disagreement with your reinsurers. And, should these disagreements arise, the concepts and contract wording can provide additional protection to a captive insurance company. Read More
Reinsurance Arbitration Clause Pitfalls for Captive Insurers
Almost every captive insurer purchases some type of reinsurance. The issuing reinsurer and the captive insurer enter the relationship with the best of intentions. But if disagreements happen, they will be subject to the reinsurance contract's arbitration clause, and captive insurers should seek to understand arbitration clause pitfalls. Read More
What Is the Difference between Self-Insurance and Captive Insurance?
Captive insurance is a type of self-insurance that is available to most business owners, regardless of the size of their enterprise, that offers all the benefits of a fully self-funded insurance plan while providing additional incentives and a risk management framework. Read More
A Guide to Actuarial Reports
There are numerous types of actuarial reports, and they can be as different as the actuaries who author them. This article gives guidance on which elements are required and which are a matter of style with the purpose of helping you to better understand actuarial reports. Read More