Operations and Management

  Performance Review-SF

Formal Performance Review Best Practices

Managers who are effective at reviewing others' performance understand how essential the formal performance review process is, prepare carefully, and do a thorough job. Managers who are not particularly effective avoid this part of their role, push it off onto others, or do a poor job.
April 04, 2017 Read More
  Job Interview 600x300

Best Practices in Hiring

If a job candidate looks good on paper and performs well in the interview, one would naturally assume the candidate would be a good fit for the job. While it sounds logical, it doesn't always work out that way, and good managers will take their hiring processes to a higher level.
March 31, 2017 Read More
  Businessman New Technology-SF

Top Trends in Insurance Industry Disruption

Captive owners should seek to understand how technology changes are reshaping the insurance industry and contemplate the implications for their captives. This article touches on the fundamental changes that insurtech may bring to the insurance industry and what the future may hold for captives.
March 29, 2017 Read More
  Global Technology 480x377

IAIS Report Analyzes Impact of FinTech Trends on Insurance Industry

A new report from the International Association of Insurance Supervisors (IAIS) highlights the potential impact of innovative financial technologies (“FinTech”) on insurance sector competitiveness, consumer choice, interconnectedness, business model viability, and regulatory oversight. The report, titled "FinTech Developments in the Insurance Industry," also examines the challenges and opportunities for insurance supervisors.
March 23, 2017 Read More
  Money and Compass 480x377

Getting Captive Insurance Pricing Right

An article by Milliman actuary Mike Meehan outlines best practices for captive rate setting with emphasis on communications between the parties.
March 02, 2017 Read More
  Teacher and Students 600x300

Educators Play a Role Attracting Young People to Captive Industry

With no direct feeder system, educators play a key role in top talent finding its way into the captive insurance industry. This article offers the perspective of educators who include captive insurance in their curriculums.
February 03, 2017 Read More
  Worker Injury-SF

Top 10 Causes of US Workplace Injuries

The 2017 Liberty Mutual Workplace Safety Index includes a listing of the top 10 causes of workplace injuries ranked by the percentage of total cost of nonfatal serious injuries.
January 27, 2017 Read More
  Job Interview 600x300

Solving the Candidate Interview Puzzle

The typical interview increases the likelihood of choosing the best candidate by less than 2 percent versus no interview. This article will increase your knowledge of the best practices necessary to successfully navigate the candidate interview process.
January 20, 2017 Read More
  Futurist Thinking-SF

Strategic Planning Is for Futurists

Today's featured article on Captive.com encourages captive managers and board members to participate in an environmental analysis as part of their tactical and strategic planning. A recent "Wall Street Journal" article reinforces the importance of this skill set being necessary.
January 09, 2017 Read More
  Strategic Planning-SF

A Guide to Strategic Planning Environmental Analysis

One of the fundamental building blocks of strategic planning, or for that matter an annual tactical plan, is a complete environmental analysis.
January 09, 2017 Read More
  Building Blocks

Captive Insurance Company Strong Risk Culture Can Be Created

Captive insurance companies and their owners/members, like commercial insurers, face an array of emerging risks. They no longer have the option of just focusing on traditional risks.
December 12, 2016 Read More
  Insurance Risk Definition

Is ORSA a Future Requirement for Captives?

The National Association of Insurance Commissioners (NAIC) adopted the Risk Management and Own Risk and Solvency Assessment (ORSA) Model Act (#505), which was effective January 1, 2015, for certain large insurers and is required for state insurance department accreditation by January 1, 2018.
December 08, 2016 Read More

Insurance, Technology, and Artificial Intelligence

Technology and Insurance: Are You Prepared for the Coming Disruptions? This was the name for the Pinnacle Actuarial Resources, Inc., APEX webinar on December 1, 2016. The hour-long presentation by Christopher M. Holt, ACAS, MAAA, and Legaré W. Gresham, FCAS, MAAA, focused on six new technologies and their ability to disrupt the liability insurance landscape.
December 06, 2016 Read More

Captive Insurance Company Leaders Should Consider Audit Committee Best Practices

Most captive insurance company owners recognize the role an audit committee plays in the general good governance of their captives. However, with the increase in regulatory scrutiny of financial service firms, the importance of a competent and well-educated audit committee cannot be overstated.
December 01, 2016 Read More
  Disability Insurance

Workers Compensation Impact from Affordable Care Act Focus of Study

The National Council on Compensation Insurance (NCCI) has published a research project report that should be of interest to captive insurers that provide workers compensation coverage.
November 29, 2016 Read More
  Company Rating

Captive Industry and Risk Retention Group Auditing Challenges Discussed

Glenn Saslow, CPA, partner at Crowe Horwath LLP, recently offered a glimpse into his auditing experience with the captive insurance industry.
November 22, 2016 Read More
  Injured Workers

Captive Insurance Industry Has Source for Workers Compensation Benchmarking Information

Results of the fourth annual "Workers’ Compensation Benchmarking Study," a claims management operational study, have recently been released by national medical cost containment and care management company Rising Medical Solutions.
November 21, 2016 Read More

Blockchain Technology—Can Captive Insurance Companies Be a Test Bed?

Milliman recently released a white paper titled "Blockchain: An Insurance Focus" by Michael A. Henk and Robert T. Bell. The report points out the various impediments, one of which is regulation, that exist to the rapid adoption of this technology,.
November 17, 2016 Read More
  Small Business

Small Commercial Insurance Market Research Available

McKinsey & Company recently published a white paper titled "Small Commercial Insurance: A Bright Spot in the U.S. Property-Casualty Market" that discusses predictors that may be of interest to firms seeking to help small businesses consider captive insurance alternatives.
November 02, 2016 Read More
  Opposite Directions

Captive Insurance Option for Oklahoma Workers Compensation Opt-Out Employers?

What is next for the 55 employers that provided workers compensation coverage under the Oklahoma opt-out statute that has since been declared unconstitutional in a 7–2 decision of the Oklahoma Supreme Court?
September 26, 2016 Read More