The Edge of Risk Podcast by IRMI

Decoding Insurer Collateral Obligations for Large Deductibles and Captive Reinsurance

IRMI's Joel Appelbaum interviews Peter Johnson, chief actuary at Spring Consulting Group, about insurer collateral obligations for large deductible and captive reinsurance programs. They discuss how collateral protects insurers financially while enabling organizations to self-insure and reduce market premiums. Peter emphasizes the importance of actuarial expertise, detailing methodologies to calculate collateral requirements and the need for accurate loss development patterns and reserve analyses. The conversation includes case studies showing how to reduce collateral obligations by challenging industry assumptions and using company-specific data. It also covers managing loss development over time, especially for long-tail lines such as workers compensation.

Crazy Confidence

Don't let lack of confidence hold you back. In this 14-minute episode, Abi Potter Clough, CEO of AbiLeads, outlines steps you can take to build self-confidence and take ownership of your personal brand.

Vermont's Risk-Focused Approach to Captive Insurance Regulation

In this episode of the IRMI Podcast, Joel Appelbaum sits down with Sandy Bigglestone, deputy commissioner of captive insurance, and Dan Petterson, director of financial examinations, from the Vermont Department of Financial Regulation. The conversation dives into Vermont's innovative, risk-focused approach to captive insurance regulation. Sandy and Dan share how their team conducts personalized, in-depth reviews for each domiciled company, engaging directly with executives to understand their strategies and ensure their success. This hands-on approach not only boosts Vermont's regulatory efficiency but also offers crucial insights for business plan changes, making it a model for effective regulation in the industry.

Navigating Captive Insurance for Public Entities and Public Risk Pools

In this IRMI Podcast episode, Joel Appelbaum welcomes Danny Linton, a senior consulting actuary with Pinnacle Actuarial Resources. The discussion delves into the rise of captive insurance for public entities and public entity risk pools, with Mr. Linton predicting significant growth in captive formations over the coming years as these entities seek to diversify their risk management strategies. Among other aspects, the episode examines how captive insurance can offer greater flexibility and cost savings in addressing specific risks unique to public entities.  

Large Agricultural and Food Processing Claim Handling

This podcast episode is a 9-minute Snap Talk presented by Trent Gillette, US agriculture director, and Greg Brown, executive loss accountant, both of McLarens. Mr. Gillette and Mr. Brown preview their presentation on the intricacies of handling large agricultural and food processing claims, upcoming at the 2024 IRMI Emmett J Vaughan Agribusiness Conference in Des Moines (IRMI AgriCon Central).

Be sure to check out the other agribusiness resources that IRMI has to offer!

The Financial Flow of Water Mitigation

Water damage on a construction project results in remediation costs, delays in schedule, and sometimes litigation. In this 11-minute episode of IRMI Podcast, Yaron Dycian of WINT Water Intelligence shares insights into the use of technology to mitigate water damage and water waste in commercial building projects. With some insurers requiring larger deductibles, these savings may directly impact the contractor's bottom line.

ATV and UTV Safety

Nationwide Staff Operations Director Sarah Onnen joins IRMI Chief Content Officer Joel Appelbaum in this 12-minute podcast episode, which highlights Nationwide's important new safety program for all-terrain vehicles (ATVs) and utility terrain vehicles (UTVs). Listen to learn the difference between these two vehicles and why IRMI Emmett J Vaughan Agribusiness Conference Grand Conference Sponsor Nationwide continuously advocates for the safety of its policyholders.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Transforming Risk Transfer: Parametric 144A Cat Bonds in Captive Insurance and Market Innovations

In this podcast episode, Dr. Marcus Schmalbach, a specialist in parametric risk trading and CEO of RYSKEX, joins Joel Appelbaum of IRMI and Captive.com to explore the evolving landscape of the captive insurance industry, parametric risk trading, and the emergence of parametric 144A catastrophe (cat) bonds. 

Dr. Schmalbach sheds light on recent market innovations and their implications for the insurance and capital markets, including the key features and achievements of the Beazley and Lloyd's London Bridge 2 deal as well as the significance of Swiss Re's industry-loss-triggered cyber-catastrophe bond. 

The Proper Classification of Building Construction for Property Insurance

This podcast episode is a 10-minute Snap Talk presented by Carl Morello, an IRMI Emmett J Vaughan Agribusiness Conference (AgriCon) favorite speaker who serves as telematics program administrator for GraniteRock. Mr. Morello previews an important AgriCon Agent Roundtable topic highlighting proper classification of building construction for farm properties. If you missed this important discussion among agents at the 2024 IRMI AgriCon West held in San Mateo, California, you've got another chance to be a part of the discussion. Join us for 2024 IRMI AgriCon Central September 9–11 in Des Moines, Iowa; registration is still open!

Be sure to check out the other agribusiness resources that IRMI has to offer!

Bringing Down Silos in Safety Management

In this 16-minute episode, Tricia Kagerer of Jordan Foster Construction describes how future-oriented contractors are tearing down silos and uniting around total human health by merging their efforts in risk management, safety, leadership, diversity/equity/inclusion, and overall well-being.