Michael J. O'Neill of ACIG explains how being part of a group captive insurance company catalyzes members toward better risk management including general safety and quality issues as well as risk-specific concerns.
Conducting a feasibility study is an important part of determining whether a company should form a captive insurance company or join an existing captive insurer. In this video, Brady Young of Strategic Risk Solutions describes the key factors that should be considered in a captive feasibility study.
Captive insurance pioneer Hugh Rosenbaum explains the rationale behind the slogan, "Captive Business Is the Best Business," which largely relates to the degree of underwriting control captive owners may exercise and recognizes the captive's service to its members/original insureds.
John S. Alberici, of Alberici Corporation, discusses factors that come into play when determining a successful strategy for using multiple captive insurers and discusses how coverage type focus (strategic or tactical) and frequency and severity profiles can help when determining placement of coverages in multiple captives.
Linking back to another video, "Tax-Deductibility of Captive Insurance Premiums," P. Bruce Wright of Eversheds Sutherland (US) LLP explains that for an insurance transaction to occur, risk transfer or risk shifting from one party to another and risk distribution are required. Several high-profile cases are also reviewed in this video.