What Is Your Captive's Talent Acquisition Strategy?
Insurers understand that without an effective talent acquisition strategy, the right candidates will not be hired. Hiring the wrong people leads to turnover, which is costly in terms of time, money, and morale. Getting it right is vital to the success of any business, and captive insurers are not immune. Read More
Benchmarking Is the Process of Improving Performance
Companies around the world use benchmarking to catapult their organizations to the top in their industry. Benchmarking is the process of improving performance by continuously identifying, understanding, and adapting outstanding practices and processes found inside and outside the organization. Almost any activity that can be measured can be benchmarked. Read More
What Makes a Successful Risk Culture?
As captives have matured and continued to flourish, they are being called upon to expand the risks that they underwrite. Captive boards and management should work to understand that, as their risk appetite grows, so should their dedication to building a successful risk culture within the captive. Read More
Best Practices for Delegating Successfully
Managers who delegate effectively contribute in three important ways: (1) they assure employees that they are valued and trusted; (2) they free up their own time to do other things; and (3) they prepare future leaders for the organization. This article outlines some best practices to assure your effectiveness as a delegator. Read More
Employee Benefits in Captives: The Basics
A small but growing number of employers are tapping their captive insurance companies to fund employee benefit risks with a goal of reducing costs. This article reviews the basics, including the main drivers and the US Department of Labor approval process. Read More