Kevin Doherty of Dickinson Wright PLC says that the captive industry is full of innovators and captives are continuously innovating. According to Mr. Doherty, some of the more interesting concepts that have emerged involve the use of cell structures.
Making sure that your captive insurance company is bulletproof begins with verifying it is set up for the right reasons. This article discusses areas that an active captive insurance company should review frequently to remain compliant and in good shape. Read the latest from Management Services International.
A new white paper by Milliman discusses the development of an actuarial technique involving the use of individual claims data to build loss reserve models. We offer commentary on this new technology and why it should be of interest to captive insurers and their board members.
Captive insurers fall into two main groups. Pure captives are 100 percent owned, directly or indirectly, by their insureds. Sponsored captives are owned and controlled by parties unrelated to the insured. Read on to learn about rental captives and protected cell captives.
We recently reviewed the report from the Strategic Risk Solutions corporate governance survey. While the overall results are encouraging, it is clear the captive community still lags behind our commercial competitors when it comes to good corporate governance.
Breaking down claims data silos to bring various data sets together in healthcare systems requires a systematic approach, according to a panel of experts who recently spoke at the World Captive Forum.
We provide a review and opinion on the recent Strategic Risk Solutions (SRS) captive corporate governance survey. We note where captives are falling short of best practices and also offer some thoughts for how captive insurers might improve.
Kroll Bond Rating Agency (KBRA) says that different rating agencies have their own specific methodologies and perspectives. KBRA describes motivators for captive insurance companies to obtain credit ratings and discusses their own rating methodology.