The 2019 Captive Landscape: Securing Your Future With a Captive
Captive insurers deliver value to a variety of stakeholders: Marsh report
New York, NY (June 4, 2019) – The number of organizations and risk professionals embracing captives as a tool to secure their future continues to grow, according to Marsh’s latest Captive Landscape Report.
Captives in all their forms — including single-parent entities, group captives, protected cell captives, and special purpose vehicles — prove their value every day for a wide variety of industry sectors and types of risks. No matter their structure or premium volume, all captives offer flexibility for their parent organizations’ stakeholders to access and protect capital, accelerate business unit objectives, and protect human capital.
Organizations see multiple value drivers for maintaining captives, including acting as formal funding vehicles for self-insured risks, accessing alternative capital, and designing customized insurance coverage. Organizational stakeholders — chief financial officers, treasurers, chief information officers, chief technology officers, human resources executives, and risk managers — all have their own views on captive value propositions. In the context of a risk management program, placing a captive at the center facilitates value drivers and offers support to different stakeholders. Each of these offers specific advantages for an organization.
The financial benefits afforded by captives are one side of the coin. On the other, captives can facilitate the funding of employee benefits and programs that promote a culture of well-being and safety, thus supporting employee engagement, recruitment, and talent retention.
Marsh is proud to present the 2019 Captive Landscape Report.
Putting a captive at the core of a risk management program offers agility in funding risks and support for business operations (Marsh)
Full Report
Access the full report: The 2019 Captive Landscape: Securing Your Future With a Captive.
About Marsh
Marsh is the world’s leading insurance broker and risk adviser. With more than 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue of more than US$15 billion and 75,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms: Marsh, Guy Carpenter, Mercer, and Oliver Wyman.
Source: Marsh
Tags: captive, Marsh Read the original article at Insurance-Canada.ca