For an insurance agency, an agency captive can provide an opportunity to have "skin in the game" of its clients' coverage in exchange for a share of the premiums and investment income the client business generates. The benefits of an agency captive can extend beyond additional revenue streams, however.
A captive insurance company operates in a similar way to a traditional property and casualty insurance company. Find out how a captive insurance company works, according to captive manager Management Services International.
Captive insurance planning has the potential to help mitigate reputational risk as the burgeoning #MeToo movement continues to spread and more people are implicated. It is a tailored approach that could mean the difference between financial ruin and resilience.
As is the case with virtually any type of business, not all captive insurance companies stay in business indefinitely. There are several reasons why parents fold their captives. Find out.
People often have an issue that causes them to consider moving their captive insurance company to a different jurisdiction, according to Bruce Wright of Eversheds Sutherland. While, for instance, a company's management may decide that having the captive in a specific jurisdiction is perceived unfavorably, other reasons are more substantive.
Based on their balance sheet strength, operating performance, and business profiles, captive insurance companies have consistently outperformed commercial market insurers. Captives can play a positive role and are able to provide a competitive edge to the organizations using them. Find out how.
One of the biggest organizational challenges companies must solve in today's work environment is team building. This can become particularly difficult in businesses that hire remote workers. Read about aÂ proven interview method that will help your company discover the core competencies that make up the optimal remote worker.
Industries such as self-storage facilities, dry cleaner chains, and real estate face environmental risks that are not obvious and are often overlooked. Middle market businesses subject to uncommon environmental risks that may lead to significant losses could benefit greatly from the cost-effective risk coverages afforded through a captive insurance company.