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Captive Insurance Makes These 11 Wishes for 2017

WishList2017
December 23, 2016

The Captive.com-IRMI editorial team, with help from others, put together a 2017 new year’s wish list for your consideration.

  • Firm pricing

  • Better investment market

  • Favorable combined ratios (loss and loss adjustment expense + expenses/earned premium)

  • For the National Association of Insurance Commissioners to stop formulating new regulations for captives and to acknowledge captives as legitimate risk management entities

  • New ideas for coverage and risk management services that captives might provide

  • A statute, regulation, or court decision that provides a clear definition of what is insurance that will enable captives to move forward as legitimate risk management and insurance entities owned by their insured(s)

  • Corporate tax reform that does no harm to captives and encourages the growth of the industry

  • Bringing a conclusion to the Internal Revenue Service’s inquiry into Section 831(b) exemptions regardless of the outcome

  • For the captive insurance industry, through a task force comprised of representatives from its state and national associations, to develop a comprehensive strategy for drawing young people into the industry and a cohesive and coordinated effort to implement that strategy

  • Continuing support for the International Center for Captive Insurance Education and its commitment to the education and training of captive professionals

  • Strong support from the captive industry for the legislative and regulatory advocacy efforts of state captive associations, the Captive Insurance Companies Association, and the Self-Insurance Institute of America

Any additional suggestions for the 2017 wish list are welcome. Please e-mail [email protected] with your wishes.


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