Airmic (with help from Aon) has released an updated guide (from the original 2016 version) to understanding captives. The current hard insurance market conditions continues to create renewed interest and revitalisation of the captive model.
It contains a lot of solid sensible information discussing captive fundamentals and will be a handy reference to those new to the captive arena (especially the key questions to ask when considering a captive). I do like the focus on a captive’s whole life cycle – typically promoters concentrate on the start up and disregard later stages.
The captives and insurability figure is interesting, with 44% with of the top 50 global risks deigned to be uninsurable. Given recent rebuttals regarding the uninsurability of pandemic risk, I wonder if that stat still holds true?
Still, Airmic is to be congratulated for issuing another quality educational guid, download the document now in PDF.