Types of Coverages

  Employee Benefits Captives Growing-SF

Funding Benefits through Captive Insurance Companies Continues To Grow

Hyatt Hotels Corp. is the latest employer to win federal regulatory approval to fund employee benefits through its captive insurance company. Hyatt joins roughly three dozen employers that have received US Department of Labor approval in recent years to fund employee benefit risks through their captive insurance companies.
November 15, 2017 Read More
  Cyber Benefits Panel Bermuda 480x377

Global Cyber Liability and Captive Insurance

The 2017 Bermuda Captive Conference panel titled "Impact of Cyber and Emerging Technology Risks for Captive Insurers, Insurance Solutions and Latest Risk Developments" focused on various facets of the global cyber liability insurance market and how captives are being used to insure this emerging risk.
November 10, 2017 Read More
  Construction Workers at Site-SF

Captives in the Construction Industry

A recent Strategic Risk Solutions webinar explored the topic of alternative risk transfer and captives in the construction industry and examined construction industry trends and competitive landscape and insurance market challenges and solutions for insuring construction risk.
October 25, 2017 Read More
  Medical Professional-SF

Aon/ASHRM Report Reveals Healthcare Systems Face Rising Batch Claims

The 2017–2018 report from Aon and ASHRM (American Society for Healthcare Risk Management) titled "Aon/ASHRM Hospital and Physician Professional Liability Benchmark Analysis" reveals that healthcare systems can expect stable claims frequency for typical professional liability claims but warns of increased claims frequency for extremely large claims. The report also finds that batch claims are on the rise in nearly every state.
October 19, 2017 Read More
  Businessman Security 480x377

NAIC Proposed Insurance Data Security Model Law Explained

Eversheds Sutherland explains the National Association of Insurance Commissioners (NAIC) proposed Insurance Data Security Model Law that tracks language from New York's regulation. In lieu of the New York regulation's specific and nuanced requirements, the proposed model law requires licensees to determine which controls listed in the law are appropriate for them.
October 18, 2017 Read More
  Employee Benefits Panel Bermuda-SF

A Focus on Unlocking International Employee Benefits in Captives

According to a Bermuda Captive Conference panel, financing global employee benefits in captives does not present the same bureaucracy and expense as it does in the United States. The industry can expect to see up to 200 companies with global employee benefits risk in their captives within the next few years.
October 16, 2017 Read More
  Cyber Insurance-SF-2

Underwriting Exposures and Cyber-Insurance Evolution Examined by Fitch

A Fitch report finds that cyber-insurance has been a profitable business line for early entrants and is a rapid growth segment, with global premium volume set to increase six- to eightfold within a decade. The report reveals challenges faced by insurers and policyholders and identifies key risks and opportunities.
October 09, 2017 Read More
  Semi-Truck

Captive Insurance Opportunities in the Transportation Industry

Recent years have been difficult for the commercial automobile insurance industry. Both frequency and severity have been escalating, while rate increases have not been sufficient to offset the climbing loss costs. Captive insurance and the alternative market can provide a flexible option for companies and groups as they respond to the industry's increasing market volatility.
September 25, 2017 Read More
  New York Computer-SF2

Captive Update on the 2017 NAIC Summer Meeting

What are the key takeaways for captive insurers from the recent National Association of Insurance Commissioners (NAIC) Summer 2017 National Meeting? Model laws for cyber security, corporate governance, financial stability, risk assessment, and triple X captives were all under discussion.
August 21, 2017 Read More
  Treasury Department Building-SF

Analysis of the FIO Report on TRIP and Small Insurers

The Federal Insurance Office (FIO) report on the Terrorism Risk Insurance Program (TRIP) and small insurers contains several key conclusions that warrant discussion and analysis by all captives that provide some kind of terrorism cover.
August 07, 2017 Read More
  Bar Chart 480x377

Medical Stop-Loss Captives in an Uncertain Health Insurance Environment

Medical stop-loss captives work well in any environment but are especially timely in today's uncertain health insurance environment. Anne Marie Towle of JLT Insurance Management examines ways both large and smaller employers can take advantage of this risk transfer solution.
August 02, 2017 Read More
  Cyber Hacking-SF

New Research Examines Cyber Threats and Costs to Industry Sectors

Captive insureds and insurers looking to understand the evolving cyber threat landscape and its full costs will find insights from a recent Lloyd's report. The research looks at the nature of cyber threats currently faced by companies and examines the top threats faced by industry sector.
July 03, 2017 Read More
  Medicine-SF

New Report Identifies Malpractice Risks of Medication-Related Errors

Medication-related errors are common, can cause high-severity injuries, and may be costly. A new report issued by CRICO Strategies, "Medication-Related Malpractice Risks," examines the impact—financial and human—and root causes of medication-related errors.
May 31, 2017 Read More
  Cyber Insurance-SF-2

Almost Four Times More Budget Is Being Spent On Property-Related Risks vs. Cyber-Risk

Organizations now believe that their cyber-assets are more valuable than plant, property, and equipment assets, even though they are spending four times more budget on insurance protecting the latter risks, according to the "2017 Cyber Risk Transfer Comparison Global Report" from Ponemon Institute.
May 04, 2017 Read More
  Treasury Department Seal 480x377

TRIPRA Terrorism Insurance Data Reporting Requirement

Complying with the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2015, the Treasury Department will require captive insurers to submit terrorism insurance data by May 15, 2017. Providing the required data may require considerable effort for some captives.
March 03, 2017 Read More
  Terrorism-SF

Captives and TRIA

Gain a basic understanding of how the Terrorism Risk Insurance Act applies to captives and how the Department of the Treasury reporting requirements may impact captives.
January 23, 2017 Read More
  Cyber Attack-SF

Using Single-Parent Captives for Cyber Liability Risks

This article provides insight, guidance, and out-of-the-box perspectives on how to approach quantifying a particular company's cyber risk profile for the primary purpose of risk transfer using the classic risk management process: (1) identify; (2) assess; (3) treat; and (4) monitor.
January 16, 2017 Read More
  Medical Marijuana

Insuring the Medical Marijuana Industry in the Alternative Risk Marketplace

According to the National Conference of State Legislatures, “a total of 25 states, the District of Columbia, Guam and Puerto Rico now allow for comprehensive public medical marijuana and cannabis programs. Another 17 states allow the use of low tetrahydrocannabinol (THC), high cannabidol (CBD), products for medical reasons in limited situations or as a legal defense.” An additional four states have 2016 ballot measures to permit medical use for certain conditions, such as cancer and chronic pain.
October 27, 2016 Read More
  Retirement Planning

Captive Insurance Role in Employee Retirement Services Explored

The July 2016 issue of Milliman's "Benefits Perspectives: Current Issues in Employee Benefits" features two excellent articles on helping employees with their retirement plans.
September 12, 2016 Read More
  US Treasury Building

Captive Insurance Data Included in FIO Report on TRIP

A report released last week by the U.S. Department of the Treasury's Federal Insurance Office (FIO) concludes that the Terrorism Risk Insurance Program (TRIP) "remains an important mechanism in ensuring that terrorism risk insurance remains available and generally affordable in the United States."
July 06, 2016 Read More