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Captive-Trends 2018

Captive Insurance Issues and Trends 2018

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Captive Innovation and the Role of Technology in Captive Formations

Rob Walling
June 06, 2018

A new Captive Thought Leader Video featuring Rob Walling, principal and consulting actuary with Pinnacle Actuarial Resources, Inc., titled "Captive Innovation and the Role of Technology in Captive Formations" has recently been added to the Captive.com video library.

According to Mr. Walling, 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—for instance, medical technology product warranty captives, renewable energy captives, and innovative captive structures and approaches in the cannabis space.

A lot of technology coming into the captive insurance industry is challenging the captive industry's ability to innovate and be creative, which is what captives do well. The captive industry is serving disruptive technology needs in a way that the admitted insurance industry cannot. The traditional commercial insurance industry struggles in situations in which historical data are unavailable. The captive industry's ability to innovate and look to data from other sources fosters agile new coverage development.

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

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