In today's environment, it's imperative that a captive insurance company board, or at least a number of board members, be actuarially sound. Take a look at what captive board members should know about actuarial analysis and why as well as actuarial terms board members should understand.
What is "numeracy," and why is it an important attribute for captive board members to have? This article examines numeracy, innumeracy, and relevant examples-with a specific look at insurance.
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.
While not legally required in every captive domicile, having an independent board of directors can serve several important roles for captive insurance companies, according to a new analysis.