If we want to understand opportunities for innovation in insurance we need to understand what the customer wants – the people and companies buying insurance. Many companies are now setting up captives to use their own capital as an alternative or to complement the insurance they are buying.

In this episode, Matthew is joined by Richard Cutcher, Executive Producer of the Global Captive Podcast and the Ambassador for the Captive Special Interest Group at the UK Risk Managers Association (Airmic).

They start off with an explanation of what a captive is, and discuss the opportunities for risk managers and insurance buyers for using data and analytics.

Other talking points include:

How captives are regulated
Examples of companies using captives
Data and analytics that are being used by captives from companies such as Arbol
Recommended podcast episodes from the Global Captive Podcast

You can find Global Captive Podcasts 35, 63 and 67 mentioned in the podcast here.

If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.

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Continuing Professional Development - Learning Objectives

InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme.

The Learning Objectives for this podcast are:

Define the role of 'captives' in the insurance industry and how they are regulated
List some examples of the relevant data and analytics of interest to captives
Summarise the benefits of companies setting up captives to complement or offer alternatives to traditional insurance

If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 198 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.

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Richard Cutcher: Executive Producer, Global Captive Podcast: What is a captive and the new opportunities for innovation (198)

InsTech - insurance & innovation

Richard Cutcher: Executive Producer, Global Captive Podcast: What is a captive and the new opportunities for innovation (198)