This white paper, Attitude Towards Captive Insurance in Asia, seeks to unmask some of the factors that lie behind the struggle of the industry to break through and convince business leaders of the long-term benefits of captive insurance.
Malcolm Cutts-Watson, formerly chairman of the Willis global captive practice and now an independent consultant in Guernsey, said this should not be a surprise and follows the same trend as that seen in the United States in the 1970s and Europe in the 1980s.
“You can label it a natural evolution pattern and a reflection of sophistication in the risk management community,” he said. “Large companies are more likely to have access to international best practice and a large enough balance sheet that self-financing becomes more attractive.”
“You can label it a natural evolution pattern and a reflection of sophistication in the risk management community,” he said. “Large companies are more likely to have access to international best practice and a large enough balance sheet that self-financing becomes more attractive.”
