The role of captives in mitigating climate risks

The world is seeing an increase in frequency and severity of nat cat perils and secondary perils, impacting properties, workforces and supply chains. This is having an impact on the cost and availability of coverage. The webinar will focus on the critical role of captive insurance in managing climate-related risks.

With the growing focus on climate risk, many believe that captives could play a larger role where the commercial insurance market struggles to provide appropriate products. A captive is the ideal vehicle to help their parent companies’ mitigation efforts, for example in incubating new risks from the adoption of new technologies where the insurance market is hesitant, both in terms of providing coverage and collecting data. Captives also have the ability to tailor policies and coverage to the specific needs of climate-related risk.

This webinar, part of the Adapt 2025 programme, will look at how companies can navigate property market dynamics with an analysis of recent trends and their implications for risk management. It will explore captive re/insurance strategies and how captives can effectively mitigate risks, though taking on new or difficult to place risks, as well as driving loss prevention programmes and collecting data about the risk – taking on a data consolidating role, bringing together the various data on climate risk from subsidiaries, to use both for risk mitigation and control, and for providing to underwriters.

Finally, the webinar will examine how captives can take advantage of innovative technologies in risk assessment and mitigation and will offer insights into the adoption of cutting-edge tools and methodologies.

Speakers

• Adriana Scherzinger, Group Head of Captives, Zurich
• Susan Fallon, Global Head of Property & Energy, Zurich
• Dirk De Nil, Global Head Zurich Resilience Solutions, Zurich

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