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Airmic has urged the insurance market to choose a more responsible position on the COVID-19 pandemic or the sector will risk long-term damage to trust and reputation and the loss of customers
PARIMA has requested for the insurers and brokers across the Asia Pacific region to come together with flexibility and partnership in order for businesses in the region to survive as a result of the COVID-19 pandemic
RIMS has circulated a letter to the US Department of the Treasury, Congress and the office of US president Donald Trump, requesting the creation of a pandemic risk insurance programme to accelerate economic recovery due to the fallout of the COVID-19
The Federation of European Risk Management Associations has sent a letter to the European Commission urging them to use the COVID-19 pandemic as a lesson for any future pandemics by applying good risk management practices
The Federation of European Risk Management Associations has called for enhanced understanding of the insurance needs of European businesses to help them get through the COVID-19 pandemic and recover afterwards
Zach Finn of Butler University, has urged the US Congress and Senate to create a PRIA or to amend the TRIA
Although the COVID-19 pandemic is really something new and very unpleasant” the effects are “well known and have already been predicted by various experts last year”, according to Marcus Schmalbach, CEO of Ryskex
Guernsey Finance has revealed a solid year of captive growth in 2019 as the island registered 11 new structures, the best result since 2016
Shoshanna Simmons of CIC Services explains the increased complexities in the excess and surplus insurance markets
David Beyon looks at how and why cyber risks are finding their way into the captive space
How can parametric insurance be implemented with captives to provide appropriate coverage for weather, pandemic and other forms of non-damage business interruption?
Industry professionals discuss the implementation of blockchain in the captive industry, as well as the benefits and challenges of such technologies
Kerr Russell’s Eric Lark explains that due to a number of factors group captives continue to flourish
Regulators of Arizona, Missouri and Utah give an update on the health of the Western Region captive domiciles
Missouri’s no frills approach to captive insurance means it maintains a friendly and reliable regulatory environment, keeps costs low and adapts for the needs of each captive. John Talley of the Missouri Department of Insurance, says this is where the state’s success lies
The IRS’s attempt to put a stop to unlawful micro captives means legitimate captives will be caught up as collateral, Vivian Hoard, partner at Taylor English, explains that good captives need to stand up and fight their case
TDB Captive Insurance Company (TCI) is a subsidiary of The Eastern and Southern African Trade and Development Bank Group (TDB Group) which provides credit and political risk insurance and reinsurance cover for TDB Group subsidiaries, thereby creating greater efficiencies in the group’s risk management
Kirk Cyrus of SRS Barbados, Darren Treasure of London & Capital, and Gregory Smith of Deloitte discuss current market conditions in the captive industry of Barbados, and the landscape of emerging risks
Singapore’s ILS market has grown since its introduction in 2018, and after recently extending the grant scheme until the end of 2022, industry professionals suggest that the market will continue to expand beyond this new deadline
Guernsey continues to see increased interest in its captive market due to the hard market conditions. Industry participants discuss the current trends, challenges and its ongoing partnership with China
