The Connecticut Captive Insurance Association (CCIA) 2018 Collaborative “set the innovation bar higher” with its focus on emerging technology and its unique cap-a-thon session, according to Steve DiCenso, CCIA president and, principal and consulting actuary at Milliman.
The CCIA’s event took place in Hartford, Connecticut, on 16 and 17 October.
The agenda addressed captive issues, including Connecticut’s captive market, cyber risk exposure, cyber risk quantification, cyber data, and insurtech.
The conference also included a cap-a-thon, the CCIA’s twist on a ‘hackathon’, in which attendees were split into groups and worked collaboratively on a project or innovation to deliver a solution.
The winning team, including Sara Hakim, Rocco Mancini, Mersini Keller, John Ferrara, and Frank Tedesco, designed a Connecticut captive to facilitate a more strategic and transparent partnership between the captive owner and its key vendors to manage cyber risk via a difference in conditions policy underwritten by the captive.
DiCenso said that the inaugural cap-a-thon had been extremely well received.
He commented: “I think the cap-a-thon survey feedback we received says it all–to a person, the participants all found this event to be a lively, rewarding and fun educational opportunity.”
“It was clear how much effort and thought went into CCIA’s planning of the cap-a-thon. Special kudos to John Thomson, as it was his forethought and effort that made this happen.”
He added: “CCIA continued to set the captive innovation bar higher with its 2018 Collaborative.”
“With a focus on insurtech and cyber, CCIA showcased leading-edge thinking on two of the fastest growing captive insurance sectors.”
Preparations for the 2019 event are underway, with June the scheduled date and the ‘cap-a-thon’ confirmed to return.
