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How to insure innovative industries was on this year’s Vermont Captive insurance conference agenda.
Captives should adapt to their parent companies’ changing risk profiles. Following this plan helps risk managers identify and execute necessary changes.
Captives can serve as a primary-layer risk-transfer mechanism. They can also allow organizations to access reinsurance to cover difficult-to-insure losses.
Cyber, trucking and terror risk in property are finding alternative risk homes.
The flexibility of captives is well-suited to serve the rapidly changing risks health care organizations face.
The U.S. Hang Gliding and Paragliding Association creates a captive in Vermont.
Captive insurance for cannabis could be a viable option.
There is a move toward captives’ strategic use of surplus to fund risk management-based projects, analytics, consulting and more.
The University of California’s Courtney Claflin is putting on a clinic in captive management.
Captives are creating more flexible and cost-effective options for the rapidly evolving shared economy sector.
Cell captives are innovating, and some risk managers use them to drive business relationships.