PLATFORM Insurance Management Inc., the boutique insurance broker, has announced the launch of a captive insurance and alternative risk financing practice group to be led by Braedy Walker (pictured). Walker commented: “The formation of this practice group represents a significant step forward for PLATFORM. I am excited to lead this new initiative and look forward to working with our clients to develop tailored solutions that provide greater flexibility and control over their risk management strategies.” Read the full story here 👉 https://lnkd.in/exmfqSym #InsurtechInsights #InsuranceNews #Leadership
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Insurance must be a part of your risk management toolkit. Is it in yours? Most directors and officers are not covered by insurance. Yet we face an increasingly complex world where decisions can have negative impact on stakeholders. How can you be sure that your decisions does not leave you open to liability? Register for this panel discussion hosted by the Caribbean Corporate Governance Institute on Friday on indemnity insurance for directors. Register at https://lnkd.in/eB8fbJdB #riskmanagement #corporategovernance #sustainability #effectiveboards #leadership #successmindset #insurance
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C-suite Advisor | Customer Strategy & Advocacy | Business & Digital Transformations | Business Design & Change | CX | Product Innovation | Core Systems | Strategic Research | InsurTech | BrokerTech | Insurance
While insurance as a concept is designed to respond when good risk management fails, it is still important to ensure that the insurance policy will quickly respond as policyholders/insureds expected in a time of loss with the least amount of effort to alleviate their pain points from there on. #insurance #leadership #customertrust #insurtech #claimsjourney
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Curious about what sets successful, long-term program relationships apart? Arch's Brian Farrell, SVP Programs, shares that Arch's partners share common traits including "a commitment to data, unique expertise, and proactive risk management services." Enhance your understanding of what makes a program relationship truly shine with expert insights from industry leaders. What makes an insurer excited about a potential program? How do they measure success? These key questions and more are revealed in the article linked below: https://lnkd.in/gZDazDDi #Programs #ProgramsPartnerships #IndustryInsights #InsuranceLeadership
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Day 2 of the RiskMinds Insurance summit featured our BCG GenAI experts on the stage. Michele Millosevich and Christoph Sommer spoke about the offensive and defensive approach to the role Risk Management should play in fostering innovation while effectively managing undesired risks. Thank you to everyone who participated in the great discussion! #insurance #RiskMinds #GenAI #RiskManagement
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Managing Director & Senior Partner at The Boston Consulting Group / Insurance / Transformation / Sustainability
The #GenerativeAI conversation should be driven by leaders and companies who are willing to pair innovation with responsible adoption. I'm encouraged by the discussions sparked by the RiskMinds event last week - a wealth of ideas for insurers to transform and manage risk in the age of emerging tech! #AI #RiskMindsConference
Day 2 of the RiskMinds Insurance summit featured our BCG GenAI experts on the stage. Michele Millosevich and Christoph Sommer spoke about the offensive and defensive approach to the role Risk Management should play in fostering innovation while effectively managing undesired risks. Thank you to everyone who participated in the great discussion! #insurance #RiskMinds #GenAI #RiskManagement
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Life insurers in the U.S. have been turning to a non-traditional type of reinsurance – modified coinsurance (ModCo). The outstanding value of ModCo increased from $162 billion in 2003 to $568 billion in 2019, representing 14% of total industry liabilities (reserves) and an annualized growth of 8%. In a ModCo arrangement, the insurer does not transfer its liabilities or assets to the reinsurer but rather only the responsibility of the obligations underlying the contract. U.S. insurance regulators assign all the regulatory capital requirements associated with the underlying assets and liabilities to the reinsurer, even though the insurer retains control of the risk. As a result, life insurers with ModCo face lower capital requirements than insurers without it, ceteris paribus. Kyeonghee Kim (Florida State University - College of Business), Ty Leverty, and Joan Schmit (both from the University of Wisconsin-Madison) find that ModCo allows life insurers to report higher risk-based capital ratios. They then explore whether ModCo is a substitute for other capital management devices and find that insurers with ModCo are less likely to fire sale downgraded corporate bonds. Taken together, the study documents how life insurers can use reinsurance arrangements to manage assets tied to their regulatory capital. Their findings shed light on the potential asset risk in the U.S. life insurance industry as well as a positive externality of ModCo in that it reduces fire sales of downgraded bonds. #capitalmanagement #reinsurance #regulatorycapital
Regulatory capital and asset risk transfer
onlinelibrary.wiley.com
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Life insurers in the U.S. have been turning to a non-traditional type of reinsurance – modified coinsurance (ModCo). The outstanding value of ModCo increased from $162 billion in 2003 to $568 billion in 2019, representing 14% of total industry liabilities (reserves) and an annualized growth of 8%. In a ModCo arrangement, the insurer does not transfer its liabilities or assets to the reinsurer but rather only the responsibility of the obligations underlying the contract. U.S. insurance regulators assign all the regulatory capital requirements associated with the underlying assets and liabilities to the reinsurer, even though the insurer retains control of the risk. As a result, life insurers with ModCo face lower capital requirements than insurers without it, ceteris paribus. Kyeonghee Kim (Florida State University), Ty Leverty, and Joan Schmit (both from the University of Wisconsin-Madison) find that ModCo allows life insurers to report higher risk-based capital ratios. They then explore whether ModCo is a substitute for other capital management devices and find that insurers with ModCo are less likely to fire sale downgraded corporate bonds. Taken together, the study documents how life insurers can use reinsurance arrangements to manage assets tied to their regulatory capital. Their findings shed light on the potential asset risk in the U.S. life insurance industry as well as a positive externality of ModCo in that it reduces fire sales of downgraded bonds. #capitalmanagement #reinsurance #regulatorycapital
Regulatory capital and asset risk transfer
onlinelibrary.wiley.com
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🌐 Be a Pioneer in CCIP & SDI Captive Insurance with GoCaptiveMe! Embark on a groundbreaking journey into the future of risk management with a captive crafted by the collective genius of Innovative Risk Management, Maple Insight, SML Capital Advisors, and CR Solutions. Specializing in CCIP & SDI projects, GoCaptiveMe is not just another captive—it's a leap into unparalleled expertise and tailored solutions. Why wait for the revolution? Visit https://hubs.li/Q02rhRFr0 now, fill out your interest form, and be the first to unlock the potential of this unique captive opportunity. "Is this an April Fool's joke?" Absolutely not! (But really, kudos to us for timing, right?) This opportunity is as genuine as your surprise when you find out your car is covered in cling wrap on April 1st. #GoCaptiveMe #CCIP #SDI #CaptiveInsurance #RiskRevolution #FutureOfInsurance #AprilFoolsDay #NotAJoke
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Midwest Region Sales Coach Specialist Lead / Client Concierge - Leveraging data-driven insights and advanced analytics to better understand our clients and deliver superior service.
Check out our new Transportation Thought Leadership Series. This series of whitepapers explores the intricacies of the insurance market and risk management in the transportation industry. Read now: https://lnkd.in/gFkNP7pT #Insurance #Transportation #RiskManagement #Gallagher
US Transportation Thought Leadership Series | Gallagher USA
ajg.com
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ICMA's latest issue features an article from Gregory McKenna about how public risk managers partner with claims administrators to expand influence and drive positive change. Learn about the art of influence and maximizing authority through innovative strategies. https://lnkd.in/e-5rwEgC #Insurance #RiskManagement
INSIGHTS: The Art of Influence: Establishing Trust in the Public Sector
icma.org
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