Articles

Anyone involved in the hiring process must understand that asking the wrong questions or making improper inquiries can lead to discrimination or wrongful discharge lawsuits, and these suits can be won or lost based on statements made during the interview process. Thus, it is important to incorporate risk management into your interviewing process to help minimize your firm's exposure to employment practices liability. This article provides practical recommendations for effective and legal interviewing. Read More

The sharing economy introduces new business models and risk attributes that create unique issues for traditional property-casualty insurers. Sharing economy businesses are turning to captive insurers to fill these needs. Learn what the sharing economy is and how captives are being employed to manage the risks. Read More

With the advent of the Internet, the ability to collect vast quantities of information on people and things began. The rapid expansion of low-cost storage allowed all of this data to be harvested and analyzed for new insights into risk. This article explores what big data is and what captives need to understand. Read More

Managers who are effective at reviewing others' performance understand how essential the formal performance review process is, prepare carefully, and do a thorough job. Managers who are not particularly effective avoid this part of their role, push it off onto others, or do a poor job. Read More

Today's financial news headlines are filled with stories about the rise of passive investing as investors abandon active managers. Those who own captive insurers or who oversee management of their portfolios should understand the active versus passive management debate and why active investment management, at least for fixed income portfolios, often makes sense. Active management needs to evolve, but it will survive. Read More

If a job candidate looks good on paper and performs well in the interview, one would naturally assume the candidate would be a good fit for the job. While it sounds logical, it doesn't always work out that way, and good managers will take their hiring processes to a higher level. Read More

A panel discussion on corporate governance of Risk Retention Group (RRG) at the 2017 Captive Insurance Companies Association (CICA) Conference provided a useful way to categorize RRGs. RRGs can be divided into one of three categories based on whether there is a sponsor and, if so, the type of sponsor. Read More

The Financial Accounting Standards Board has issued ASU 2015-09 for nonpublic, calendar year-end insurance company filers. This Accounting Standards Update requires additional disclosures to provide better insight into an insurer's initial claim estimates and subsequent adjustments and to help financial statements users understand the frequency, severity, and timing of future cash flows related to the estimated claim costs. This article summarizes the new requirements. Read More