Articles

Industry panelists in Vermont recently discussed how technology is currently being used to mitigate risk in different industries. With advances in technology, organizations and captive insurers are discovering new ways to control costs, improve resource efficiency, and compete more successfully. Read More

Understanding the difference between leading and managing is understanding the difference between winning and losing in cutthroat markets. Pure managers make the system work, but leaders make things happen. They make the people around them better. Effective leaders should pay attention to and work to master key emotional intelligence competencies. Read More

Employee turnover is costly. In terms of annual salary, cost estimates for losing a position to turnover range from 30-150 percent (hourly employees) up to 250 percent (sales/senior leadership). Developing a strategy that follows seven key steps is critical to the long-term success of an overall employee retention plan. Read More

Insurers understand that without an effective talent acquisition strategy, the right candidates will not be hired. Hiring the wrong people leads to turnover, which is costly in terms of time, money, and morale. Getting it right is vital to the success of any business, and captive insurers are not immune. Read More

For captives, especially smaller captives or group captives, passive investing can help reduce frictional investment expenses in a low yield, total return environment. A recent S&P webinar and "Wall Street Journal" article strengthen the argument for passive investing, thereby reinforcing a case for captives' use of passive investing. Read More

Companies around the world use benchmarking to catapult their organizations to the top in their industry. Benchmarking is the process of improving performance by continuously identifying, understanding, and adapting outstanding practices and processes found inside and outside the organization. Almost any activity that can be measured can be benchmarked. Read More

As captives have matured and continued to flourish, they are being called upon to expand the risks that they underwrite. Captive boards and management should work to understand that, as their risk appetite grows, so should their dedication to building a successful risk culture within the captive. Read More

With the increased need for more accurate reserving models, taking advantage of the information embedded in individual claims data with appropriate claims development models is a promising alternative compared with traditional aggregate triangles. The future of individual claims reserving is enlarged by the innovative opportunities offered by these alternative models. Read More