Captives can show their value in a hard market, says CRE’s Captives: Next Generation report

Captives can show their value in a hard market, says CRE’s Captives: Next Generation report

Captives can show their value in a hard market, says CRE’s Captives: Next Generation report

Risk managers believe the hardening market is a time for captives to really show their value, according to Commercial Risk Europe’s Captives Report 2020 – Captives: Next Generation. “When the market is hardening, this is a signal that risk managers can use to better sell the use of captives in their setup,” said Francoise Carli, Zakubo Consulting, and former vice-president,…

Now is the time for captives to shine, says new report from Commercial Risk Europe

Now is the time for captives to shine, says new report from Commercial Risk Europe

Now is the time for captives to shine, says new report from Commercial Risk Europe

There has been a lot of talking up of captives during the last few years, with momentum growing in the last year or two, and a feeling that a new dawn was approaching for the sector. According to Commercial Risk Europe’s Captives Report 2020 – Captives: Next Generation, that time is now here. The traditional insurance market has properly hardened…

Supporting the transition to sustainability

Supporting the transition to sustainability

Supporting the transition to sustainability

Insurers have an important role to play in sustainability, not only in terms of their own businesses and employees, but also in supporting their customers as they transition to a more sustainable future. Insurers are looking at how they are exposed to transition risk, but it is also important to talk about transition opportunities, where insurers help support their customers…

Captives: embracing the new

Captives: embracing the new

Captives: embracing the new

Captive insurance has often shown its worth during challenging times. Against the backdrop of hardening rates and tightening terms and conditions in the traditional insurance market, exacerbated by the Covid-19 pandemic, more companies are looking to expand their use of an existing captive or set up a new one. Marine Charbonnier, global programmes and captives regional director, Asia & Europe,…

The email challenge: easing the pain with artificial intelligence

The email challenge: easing the pain with artificial intelligence

The email challenge: easing the pain with artificial intelligence

Artificial intelligence (AI) and machine-learning are talked about a lot in the media and in business in terms of their potential and benefits. But for many people, there is a certain hesitancy about AI, and an element of the unknown. Will it really do what it is promising? Will it take away jobs? Who takes accountability? And there is often…

Driving down risks: how international insurance programmes can be used in the management of commercial fleets

Driving down risks: how international insurance programmes can be used in the management of commercial fleets

Driving down risks: how international insurance programmes can be used in the management of commercial fleets

For many companies across the world, commercial motor fleets are an important part of how their business operates. Simon Kay, AXA XL’s head of international motor, and Halima Bekkali, a motor risk consultant specialising in road safety, discuss some of the challenges involved in operating large fleets and how international insurance programmes can be used to help transfer some of…

Increasing use of existing captives to tackle hard market, Marsh survey finds

Increasing use of existing captives to tackle hard market, Marsh survey finds

Increasing use of existing captives to tackle hard market, Marsh survey finds

The majority of captive owners plan to increase their use of captives in response to changing insurance market conditions, according to a survey of 1,240 Marsh-managed captives. More than half (59%) expected to expand their captive use by adding more lines of coverage, increasing retentions in the captive, or forming an additional captive, while 38% said they had no plans…

Sompo ready to ramp up European and international corporate business

Sompo ready to ramp up European and international corporate business

Sompo ready to ramp up European and international corporate business

Sompo International, a global specialty provider of property and casualty (re)insurance, is about to embark on a significant communications effort to “demystify” the organisation for brokers and risk managers, according to Julian James, CEO of international insurance. Sompo Holdings, the parent of Sompo International, has made no secret of its ambition to become a top 10 global insurance group by…

Changing tariffs affect Indian global property programme local policies, says Willis Towers Watson

Changing tariffs affect Indian global property programme local policies, says Willis Towers Watson

Changing tariffs affect Indian global property programme local policies, says Willis Towers Watson

Global property programme local policies in India will require increased attention as a result of changing tariffs in the Indian insurance market, according to a whitepaper from Willis Towers Watson. The paper notes that while some tariffs were reduced, most have increased as a result of property tariffs issued by the General Insurance Council. The paper, authored by Disha Sahni,…

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