The current insurance climate makes it imperative that captive insurers practice some type of underwriting discipline. This article lays out the reasons for maintaining an underwriting profit and what it takes to do so.
The ability to make educated guesses about the future has been enhanced over the last decade by the growth in artificial intelligence (AI) and predictive modeling. AI and predictive modeling could have applications for captive insurance.
The captive chapter in a new Organization for Economic Cooperation and Development (OECD) report discusses the numerous business (nontax) reasons why a multinational enterprise group might use a captive insurance company to manage risks within the group while setting out indicators for genuine insurance business.
We focus a lot on the importance of retaining top employees. It reduces cost, increases productivity, builds trust and camaraderie-and the list goes on. However, we rarely discuss the elephant in the room: everyone eventually quits, even your best employee.
These three thoughts can help determine if you are ready to serve on a captive board of directors. Building from a "Harvard Business Review" article, we offer three other ways to determine if you should consider seeking a board role.
Treasury recently issued new proposed and final regulations on the base erosion anti-abuse tax (BEAT). The new provisions provide some helpful news to captive insurance companies.