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The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

A FREE 12-page special report from Captive.com

The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance explores the challenges presented by today's business and economic upheaval, as well as the hardening insurance market, and what it means for the captive insurance industry.

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Captives Can Be an Important Tool for Managing Key Emerging Risks

Steven Bauman, head of global programs and captive practice in North America, AXA XL
June 15, 2020

A new Captive Thought Leader Video featuring Steven Bauman, head of global programs and captive practice, North America, AXA XL, titled "Key Emerging Risks for Captive Insurance and Risk Management," has recently been added to the Captive.com video library.

Captives can play an important role in emerging risks such as cyber risks or with volatility such as that seen with property risks, according to Mr. Bauman. Captives are in a better place now because over time they have gained the confidence of risk managers and senior corporate leadership, he says, and this has given captives latitude to be more involved in emerging risks. Over decades, organizations have built up significant capital and surplus in their captive insurance companies, says Mr. Bauman. Applying a captive's surplus to emerging risks and potential volatility is an excellent risk management strategy, according to Mr. Bauman.

Captive insurers with a long history of risk management can tackle emerging risks more easily in partnership with a commercial insurance company that can provide a captive with access to additional data, analytics, knowledge, and experience that is otherwise unavailable to the organization, Mr. Bauman says.

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.

(Mr. Bauman is pictured above.)

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