Description
While captives have traditionally insured the risks of their parent organizations, there is a growing trend to use captives to insure third party business. For managing general agencies, captives represent an effective vehicle to share in the risks of the programs they are underwriting. Agency captives are also supported by the program carriers in aligning interests. In this webinar, we examine the growing trend of agency captives, how they are structured and the benefits of using an agency captive. We will also look at the use of agency captives by insurtechs and other situations of captives formed to underwrite third party risk.
The webinar is suitable for agencies or other entities controlling books of insurance business, as well as anyone interested in understanding the use of captives in program business.