Types of Coverages

  Man Working from Home on Laptop with Four Coworkers on Screen in Video Call

Captives, Traditional Insurers Will Evolve with Risks, Technology

With emerging risks and new technologies, the captive insurance and the broader insurance industries were already experiencing significant pressure to change before the COVID-19 pandemic. A session at the Vermont Captive Insurance Association's 2020 Virtual Conference examined how the pandemic and emerging risks promise to accelerate many of those changes.
August 24, 2020 Read More
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Cyber Insurance Is Just Part of the Process in Addressing Cyber Risk

Cyber risks are increasing, and organizations shouldn't assume that risk transfer will solve their cyber risk issues, according to one expert speaking at last week's Vermont Captive Insurance Association (VCIA) Virtual 2020 conference. Insurance is an important part of managing cyber risks, but organizations must take other steps as well.
August 18, 2020 Read More
  Combination Lock with Padlock on Front and Cyber Insurance Words Streaming Out from It

As Cyber Risks Grow, So Do Captive Insurance Cyber-Risk Premiums

The cyber risks confronting organizations continue to grow, and captive insurance companies are playing an increasing role in managing cyber exposures. The COVID-19 pandemic has increased cyber risks for many organizations as employees are forced to work remotely, making the need to address the exposure even more critical.
August 10, 2020 Read More
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Cyber Insurance Premiums Increase in 2019, Though Premium Growth Slows

Direct written premiums paid to US cyber insurers grew 11 percent year-over-year in 2019 to $2.25 billion, according to A.M. Best. Still, the rate of cyber insurance premium growth slowed for the fourth straight year.
July 23, 2020 Read More
  Rachel Seale-Consulting Actuary-Milliman

Using a Captive To Insure Unique Risks

While captive insurance companies are most often used to insure traditional exposures and insurance risks, they can also be used to insure just about any risk to which a parent company is exposed.
July 13, 2020 Read More
  Steven Bauman, head of global programs and captive practice in North America, AXA XL

Captives Can Be an Important Tool for Managing Key Emerging Risks

Captives can play an important role in addressing emerging risks such as cyber risks or with volatility such as that seen with property risks, according to Steven Bauman, head of AXA XL's global programs and captive practice in North America.
June 15, 2020 Read More
  Businessman Protecting Brain or Intellectual Property Between His Hands

New Aon Underwriting Platform Focuses on Intellectual Property Risks

Aon has launched a new underwriting platform offering what the company says is the largest known delegated capacity for intellectual property (IP) liability risks. In 2018, Aon announced the development of an insurance facility providing $100 million in capacity for IP infringement liability exposures.
May 13, 2020 Read More
  Hands on a Laptop Keyboard Surrounded by Data Asset Icons

New Structures, Technology, Captives May Help Cover Intangible Assets

Though intangible assets are becoming an ever-growing part of many companies' value, there are significant disconnects between the way many organizations approach coverage of their tangible and intangible assets. Addressing those growing exposures could be a function of parametric coverage designs, new technology, and captive insurance structures.
May 11, 2020 Read More
  David Lang, Principal and Consulting Actuary, Milliman

Writing Third-Party Business May Provide Captives Tax Advantage

The biggest advantage to writing third-party business through a captive insurance company is that it may provide a tax advantage, according to David Lang, principal, consulting actuary with Milliman. An organization may be able to defer taxes on its unpaid claim liabilities, much like an insurance company.
May 04, 2020 Read More
  Businessman with his hands protecting the image of the top of a house

Captives Offer Options as Property Owners Face Hardening Market

Faced with a hardening insurance market, owners of multifamily housing properties are now working through renewals that bring sharp increases in rates, larger deductibles, and a decrease in capacity. When addressing all these factors, owners are starting to think more about self-insuring these risks.
April 28, 2020 Read More
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MSI Webinar To Focus on How Captives Can Fill COVID-19 Coverage Gaps

An upcoming webinar from Management Services International (MSI) will focus on how captive insurance companies can fill gaps in commercial insurance coverage in the face of claims resulting from the COVID-19 pandemic. The webinar, titled "COVID-19 Claims Saving Small Businesses with MSI Captives," is scheduled for noon (EST) on Wednesday, April 8.
April 02, 2020 Read More
  Hemp Farm with Blue Sky and Clouds in Background

A Specialty/Captive Insurance Hybrid Can Address Hemp Coverage Issues

Since hemp production became legal, it has been fast-tracked to become a unique commodity, but insurance coverage issues remain. A hybrid solution involving specialty insurance and captive insurance might be the answer.
April 01, 2020 Read More
  Image of Computer Hacker in a Hoodie

The Truth about Commercial Cyber-Risk Insurance

A captive insurance company could help small-to-midsized business owners mitigate cyber risk in a cost-effective and practical way.
January 29, 2020 Read More
  John Talley, captive program manager for the Missouri Department of Commerce and Insurance

Ag Update: John Talley Talks Captive Insurance Basics

John Talley, captive program manager for the Missouri Department of Commerce and Insurance, breaks down captives and their applicability to agricultural insurance.
January 27, 2020 Read More
  Construction Risk Thought Leadership Report

What Are the Hot Trends in Construction Risk?

Staying abreast of trends in construction risk and insurance is no easy task. "Construction Risk Thought Leadership," a free IRMI publication sponsored by Marsh, includes 7 quick-and-easy-to-read articles based on interviews with 15 construction risk and insurance experts.
January 27, 2020 Read More
  MeToo Insurance-SF

Captive Insurance: Mitigating #MeToo-Related Reputational Risk

Captive insurance planning has the potential to help mitigate reputational risk as the burgeoning #MeToo movement continues to spread and more people are implicated. It is a tailored approach that could mean the difference between financial ruin and resilience.
November 06, 2019 Read More
  Links in a Chain-SF

Supply Chain Losses Averted! The Secret to Keeping Your Business Moving

No organization can anticipate every possible scenario that may affect its business. This includes supply chain risk. Find out how a captive insurance company can address supply chain risk factors and circumvent business interruptions.
October 02, 2019 Read More
  Crude Oil Spill-SF

Environmental Risks: The Perils of an "Unlikely" Loss Event

Industries such as self-storage facilities, dry cleaner chains, and real estate face environmental risks that are not obvious and are often overlooked. Middle market businesses subject to uncommon environmental risks that may lead to significant losses could benefit greatly from the cost-effective risk coverages afforded through a captive insurance company.
September 09, 2019 Read More

General Liability Trends—Captive Insurers Beware

In this synopsis of a recent Milliman white paper exploring the deterioration in general liability claims costs and the potential impact on captive insurers, we also offer some basic suggestions to captives on how to address this problem.
September 04, 2019 Read More
  New Requirements-SF

Regulators Circulating New Captive Benefit Funding Requirements

US Department of Labor (DOL) suspension of a regulatory procedure employers have used for years to get expedited DOL review of their applications to fund employee benefits through their captive insurance companies is continuing, while regulators are circulating new captive benefit funding requirements.
August 26, 2019 Read More