In the face of a global health crisis and a hardening insurance market, large companies are looking for new solutions to control their costs and manage their risks.
Faced with inflation and the emergence of new risks, captives have come a trusted, flexible and efficient alternative to finance insurance programmes for Risk Managers.
As the benefits of a captive are now being seen, businesses are thinking more and more about increasing their usage and looking to diversify their risk with new lines of business. Employee Benefits (EB) risks like life, disability and medical insurance – which are critical for caring for employees – are a great example of new lines being added to captives.