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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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FERMA CEO Named to European Insurance Regulatory Agency Panel

A conference room table with a group of businesspeople having a meeting in the background
July 14, 2020

The European Insurance and Occupational Pensions Authority (EIOPA) has named Typhaine Beaupérin, CEO of the Federation of European Risk Management Associations (FERMA), to a new term on the organization's Insurance and Reinsurance Stakeholder Group (IRSG). Ms. Beaupérin joined the stakeholder group in 2018 and will now serve 4 years on the reconstituted panel.

In a statement, FERMA said that Ms. Beaupérin's membership on the EIOPA stakeholder group gives commercial insurance buyers a strong voice in the development of European insurance regulation.

FERMA noted that it has successfully worked to focus EIOPA's attention on the importance of proportionality for small insurance entities, including captive insurance companies. That effort is continuing during EIOPA's ongoing review of the European Union's Solvency II insurance regulatory regime.

FERMA is also contributing to EIOPA's exploration of possible insurance-based solutions for future pandemic risks and has shared its proposals for a public-private Catastrophe Risk Resilience Framework with the regulatory agency. FERMA has also commented on such topics as cyber insurance, artificial intelligence, and sustainability.

"The health of the insurance market for business insurance is of profound importance to our members in the recovery from the current pandemic crisis and the economic upheaval that will follow," Ms. Beaupérin said in the statement.

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