Operations and Management

  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 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

Blockchain Technology Emerging in the Insurance Industry

In the Captive Wire newsletters from September 16, 2016, we reported on the recent meeting sponsored by the Bermuda Business Development Agency, which took place between the Bermuda Monetary Authority and 10 reinsurers in Bermuda and was facilitated by the technology consortium R3 Technologies. The meeting brought together technology, underwriting, and regulatory experts to explore ways that revolutionary distributed ledgers, based on blockchain technology, could fundamentally change their business and give Bermuda a leading role in a rapidly-evolving digital economy.
September 22, 2016 Read More

Captive Insurers Beware: Pricing Erosion Spreads to Workers Compensation

The last truly hard market in commercial lines was 13 years ago, more than 4 years longer than the average soft market cycle length of 9 years. What began in the commercial property markets and then spread to casualty lines now seems to have claimed workers compensation as well.
September 16, 2016 Read More
  Oklahoma Flag

Oklahoma Workers Compensation Opt-Out Statute Ruled Unconstitutional

In a 7–2 ruling on September 13, 2016, the Oklahoma Supreme Court ruled that the state workers compensation opt-out statue is unconstitutional. The court ruling was based upon the fact that one group of injured workers was being treated differently from all other injured workers in the state.
September 15, 2016 Read More
  Shaking hands

A Captive Insurer's Actuary Role Should Evolve

Aaron Hillebrandt, a consulting actuary with Pinnacle Actuarial Resources, Inc., makes a strong case for captives viewing their actuary as a "strategic partner."
September 09, 2016 Read More