Conferences, Webinars, and Events
The Captive Insurance Companies Association's (CICA) 2020 awards ceremony will be a virtual event taking place at 1 p.m. (EST) on December 2, 2020. The online event will focus on recognizing the recipients of CICA's 2020 Distinguished Service Award and Outstanding Captive Award.
The International Association of Insurance Supervisors (IAIS) has opened registration for its virtual 27th Annual Conference scheduled for December 3–4, 2020. The theme of this year's conference is "Sustainable Insurance: Emerging Risks, Trends, and Opportunities." The conference will include discussions on the insurance protection gap and climate risk management.
The Vermont Captive Insurance Association (VCIA) will hold its 2021 annual conference as an online event due to the ongoing impacts of the COVID-19 pandemic. The VCIA said it determined that a virtual event was the best way to make its 2021 conference accessible to all who wish to participate.
Like businesses in other industries, many construction industry companies can benefit from captive insurance, particularly in the current hardening market, according to one captive expert. For those who understand how much risk they're willing to take on, the captive insurance approach can provide both insurance program and financial control.
As the traditional commercial insurance market continues to harden and more small-to-midsize companies are considering alternative risk transfer options, it can be valuable for brokers to understand how they might benefit from partnerships with captive managers. A captive manager can help a broker deliver value-added services to clients.