Captives Benefit Enterprise Risk Management

 
Captive Uses, Trends & Innovations | Alan Fleming | Chairman | Airmic

Alan Fleming of Airmic discusses some of the benefits of using captive insurance companies for enterprise risk management and taking advantage of a captive's ability to obtain useful information. A captive is well connected to what is going on throughout an organization and can compare how one company in an organization is doing against other companies in the same organization. Captives also provide cost-reducing benefits by covering risks, such as employers liability, that are often costly in the commercial market. Captives can also finance risk management to support risk improvements and risk understanding.