Types of Coverages

  Healthcare Costs 480x377

Global Employee Benefit Health Plan Costs Increasing 3 Times Inflation

Based on its latest global employee benefit research findings on medical trends around the world, Mercer Marsh Benefits advises that adopting integrated health and well-being strategies underpinned by stronger digital and data capabilities will be critical in managing the rising costs of employee health benefit programs.
July 06, 2018 Read More
  Marijuana Wallpaper 600x300

Cannabis and Captive Insurance

The insurance market for the legal cannabis industry is still quite fluid, with changes happening every day. Cannabis businesses are currently unable to obtain adequate and affordable insurance protection in the market, and captive insurance may be able to provide the solution.
June 11, 2018 Read More
  Rob Walling

Captive Innovation and the Role of Technology in Captive Formations

According to Rob Walling, principal and consulting actuary with Pinnacle Actuarial Resources, Inc., technology is playing an exciting role in captive innovation and formation. Captive formation is stemming from insurtech activity, such as on-demand insurance running through smart phone technology as well as from a variety of disruptive technologies.
June 06, 2018 Read More
  Tornado Damage

Business Interruption Insurance: A Basic Primer

A captive insurer should have business interruption coverage, as should its members. Editor John Foehl reviews basic questions for consideration when buying or providing coverage for business interruption insurance in this basic primer for captive insurers.
May 30, 2018 Read More
  Michael Maglaras-SF

Medical Professional Liability in Captives in 2 Parts

Two new Captive Thought Leader Videos featuring Michael Maglaras, principal, Michael Maglaras & Company, titled "Part I: Medical Professional Liability in Captives and Physician Migration" and "Part II: Medical Professional Liability in Captives and Population Management" have recently been added to the Captive.com video library.
March 23, 2018 Read More
  tow truck-SF

Group Rental Captive Insurer Launched for Towing and Recovery Industry

The first group rental captive insurer designed exclusively for the towing and recovery industry, TowCap Premier, has been launched by National Interstate Insurance Company, a leading specialty property and casualty transportation insurer.
January 18, 2018 Read More
  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

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
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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

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