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Captive-Trends 2018

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What Are the Key Claims Handling Considerations for Captive Owners?

Lynn Sheils-SF
March 05, 2018

A new Captive Thought Leader Video featuring Lynn Sheils, senior vice president, general counsel of EWI Reinsurance, and titled, "What Are the Key Claims Handling Considerations for Captive Owners?," has recently been added to the library.   

Ms. Sheils advises that when a captive insurer is considering whether to self-administer claims or to handle with an outside third-party administrator, the captive owner should think about three key areas: What are the captive's insured coverage lines? What is the anticipated claims volume for each coverage line? What type of captive resources are required for claims handling? If the organization wishes to put multiple lines of coverage in its captive and handle the claims within the captive, it will take a very large claims department and people with expertise to handle the broad array of claims. Even with fewer coverage lines, a large volume of claims may still exist requiring significant captive resources. The best use of resources for claims handling typically involves using a combination of internal claims handling as well as third-party administrators, depending on the claim types.

This section of the site currently features 72 short educational videos by 14 captive insurance experts. Among the topics covered in the 1–3-minute videos are captives claims handling, runoff transactions, micro-captives, tax issues, captive feasibility, captive domicile selection, choosing an auditor, captive management, group captives, healthcare captives, risk pooling, common myths about captives, how to manage a captive efficiently, what makes a captive successful, and benefits in captives.

Along with Ms. Sheils, the captive insurance experts featured in the videos include the following.

  • John Alberici, chairman, Alberici Corporation
  • Gary Bowers, tax partner, Johnson Lambert
  • Jeremy Colombik, president, Management Services International
  • Martin Ellis, manager of Comerica Bank's global and captive insurance group
  • Martin Eveleigh, chairman, Atlas Insurance Management
  • Alan Fleming, chairman, Airmic
  • Debbie Liebeskind, actuary, Human Resources, Towers Watson
  • Michael Maglaras, principal, Michael Maglaras & Company
  • Steven McElhiney, president and CEO, EWI Re, Inc.
  • Michael O'Neill, president and CEO, American Contractors Insurance Group
  • Hugh Rosenbaum, retired principal, Towers Watson
  • Bruce Wright, partner, Eversheds Sutherland (US)
  • Brady Young, president and CEO, Strategic Risk Solutions

Each of these captive insurance thought leaders has decades of broad experience with captive insurance companies, and they freely share their expertise in the videos. This constitutes a wealth of information on captive insurance fundamentals that will be especially valuable to newcomers to captive insurance. By watching one or two of these informative videos each day for a month, you will hone your knowledge of captive insurance fundamentals and trends.

There is no cost to view the videos, and you will find them in the Captive Thought Leader Videos section of More videos will be added in the future.

(Ms. Sheils is pictured above.)

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