Articles
5 Top Tips for Building a Captive Insurer Board of Directors
To build an effective board for a captive insurer: develop a clear mission, recruit diverse skills, keep the board size manageable, establish clear roles and governance rules, and foster a culture of healthy debate. These steps ensure comprehensive oversight and efficient decision-making, enhancing governance and performance. Read More
7 Ways Captive Insurance Companies Provide a Competitive Edge
Captive insurers excel with high dividends, reduced acquisition costs, and quick risk response. Their structure promotes early risk identification and stakeholder alignment. Expected to grow, captives offer customized solutions, outperforming commercial insurers by providing tailored coverage and better claims management, all while being flexible and proactive. Read More
Does Your Captive Insurance Company Suffer from Bad Directors?
Learn how to identify and address "bad directors" in captive insurance companies to ensure effective governance and protect your organization's interests. Read More
Are You Ready To Serve on a Captive Insurance Company Board?
Several trends are creating exciting opportunities for positions on boards of directors, including those of captive insurance companies. Learn about these trends and position yourself for success. Read More
Cannabis and Captive Insurance
Despite the flourishing US cannabis market, federal and state law conflicts hinder insurance for cannabis businesses, making coverage scarce and costly. Captive insurance continues to fill the gap amid this uncertainty. Read More
Why Captives Need To Focus on Culture When Considering Governance
Captive insurers need a strong culture to ensure good governance, aligning values with vendors, continuously evolving, and meeting regulatory standards for stability and success. Read More
5 Key Pillars of Captive Insurer Corporate Governance
Five key governance pillars for captive insurers: independence, accountability, fairness, responsibility, and transparency. All are crucial for success. Read More
The Importance of Vendor Management Best Practices for Captives
Effective vendor management helps captives control costs, reduce risks, and ensure quality service. Key success factors include clear roles, communication, and due diligence. Read More