Milliman Experts on How Actuarial Guidance Enhances Captive Insurer Governance

Milliman's Samantha Poulin and Craig Brophy join host Joel Appelbaum on The Edge of Risk podcast by IRMI to discuss governance best practices for captive insurance companies through an actuarial lens. With decades of combined experience advising captives across industries, they explain how strategic reviews, board education, and actuarial collaboration strengthen oversight and long-term program performance.

The episode explores how boards can align their captives with enterprise risk goals, evaluate capital and coverage decisions, and use actuarial insights to assess investments, safety initiatives, and growth opportunities. Ms. Poulin and Mr. Brophy also emphasize the value of independent actuarial opinions, continuous communication with service providers, and year-round board engagement. Their practical guidance offers captive owners and managers a road map for maintaining transparency, regulatory compliance, and data-driven governance that supports the organization's evolving risk strategy.