More companies using captives to manage risk
The latest annual report from Marsh finds a sharp rise in the number of companies using captives for their cyber liability programmes.
The latest annual report from Marsh finds a sharp rise in the number of companies using captives for their cyber liability programmes.
Captives increasingly play an integral role in organisations’ risk management strategies, according to the latest report from Marsh.
The insurance broking and risk management group’s Marsh Captive Solutions division has released its 2017 Captive Landscape Report , which examines more than 1,100 captives worldwide under Marsh management.
The report focuses on understanding how captives are being used and where opportunities for greater utilisation exist. Among the findings:
“As the risk environment continues to evolve and become more complex, organisations are increasingly using captives to help them meet corporate objectives, support business units, access alternative risk capital and protect employees,” said Nick Durant, president of Marsh Captive Solutions.
The 2017 edition marks the 10th year that the group has published a captive report. In the introduction, it commented: “Today, global economic and political uncertainty is on the rise, and disruption from technology innovation is growing exponentially, exposing organisations to unfamiliar and sometimes unquantifiable risks.
“In parallel with these macro trends, more companies than ever see captive utilisation as being at the core of innovative risk management strategies.”