Captive Report 2024
The World Economic Forum’s latest Global Risks Report highlights a number of near-term and longer-term risks, including climate change, biodiversity loss, societal polarisation and cyber risk. In many of the areas identified by the Global Risks Report, captives can be directly involved, particularly relating to extreme weather and cyber risk, but also in areas such as societal polarisation through enhanced employee benefits, through to microinsurance solutions.
In this report, in cooperation with Zurich Insurance Company, we highlight how captives are stepping up in the light of the recent hard market to smooth the underwriting cycle and broaden cover, as well as providing capacity for risks such as cyber. It shows how captives are also a useful vehicle for the collection of data, and can act as incubators, collecting loss data to enable risk mitigation and adaptation, as well as for underwriting new, untested technologies. And finally, the report reveals how the growing focus on sustainability and ESG is opening up opportunities for captives to play an even bigger role for their companies.
Enjoy the read!
Download publication