Solutions for cyber liability will soon mature, with captives having a growing role to play, according to Martin Eveleigh, chairman of Atlas Insurance Management.
In an interview, Eveleigh said that captives will begin to address risks associated with blockchain and artificial intelligence in the coming 12 months, but was keen to emphasise that this change would be “gradual”.
He added: “As we get to the middle of next year, changing economic conditions may well have some effect although probably nothing dramatic.”
Eveleigh also spoke of Atlas’s worker's compensation business, which has seen smaller employers moving away from retro programmes that gave them the potential for back-end savings to guaranteed cost programmes.
He said that it makes a “lot of sense to finance those deductibles in a captive”.
Read the full interview with Eveleigh in the latest issue of Captive Insurance Times.
