The Edge of Risk Podcast by IRMI

How Captive Insurers Use Reinsurance and Risk Pooling

In this insightful podcast episode, legal experts Bruce Wright and Saren Goldner from Eversheds Sutherland explore how captive insurers utilize reinsurance and risk pooling. The duo unravels the nuanced nature of reinsurance transactions, emphasizing the diversity of approaches and debunking the one-size-fits-all myth. The conversation extends to the impact of regulatory requirements on captives and their reinsurance activities, offering practical examples to illustrate potential challenges. Listeners gain a primer on key distinctions in assuming versus ceding risk, as well as indemnity reinsurance versus assumption reinsurance. The discussion also explores the relationship between reinsurance and risk pooling, highlighting the benefits for captives. The episode concludes with an examination of 10 crucial aspects for captive risk pools to consider in navigating the regulatory landscape, providing a comprehensive guide for those involved in captive insurance.

Agriculture and the Captive Arena

This podcast episode is an 11-minute SnapTalk presented by John Talley, president of TAL Consulting. Mr. Talley, former captive program manager for the Missouri Department of Commerce and Insurance, previews "Captive Insurance in the Farming Industry," his session at the two upcoming 2024 IRMI Emmett J Vaughan Agribusiness Conference (AgriCon) events. Mr. Talley provides a great example of agricultural application of captive insurance for a sneak preview into some of the insight you will gain at IRMI AgriCon 2024.

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

The Unique Benefits of Group Captive Ownership

In this insightful podcast episode, Jim DeWulf of Captive Resources guides us through key strategic moves to shift liabilities off member balance sheets and gain significant cost savings for the captive through the consolidation of incurred but not reported claim liabilities and enhanced purchasing power.

Listeners will be skillfully led through the world of group captives, and the invaluable benefits that owner control brings to organizations will be illuminated. Mr. DeWulf navigates through the coverage challenges faced by group captives and reveals how harnessing purchasing power can lead to premium savings, predictability, and cost smoothing.

Delving into intricate concepts such as heterogeneous and homogeneous group captives, member ownership, common shareholder, preferred shareholder, commutations, novations, and internal tail funds, Mr. DeWulf explains how the latter three can effectively be used to close open policy years.

The 2023 Farm Bill

This podcast episode is a 15-minute Snap Talk presented by Casey Roberts of Laurus Insurance Consulting. Mr. Roberts, an IRMI Emmett J Vaughan Agribusiness Conference (AgriCon) favorite speaker, previews "The 2023 Farm Bill," his session at the two upcoming 2024 AgriCon events. He explains the history of farm bills and their transformative power on the agricultural community and will whet your appetite to learn more.

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

What Does the Dobbs Decision Have To Do with Captive Insurance?

How does the US Supreme Court's ruling in Dobbs v. Jackson Women's Health Organization intersect with captive insurance? With most healthcare facilities in the United States operating their own captive insurance entities to cover the majority of healthcare providers, this decision necessitates that captive insurance policies for medical liability now include provisions for criminal defense and safeguard healthcare providers involved in legally performed abortion procedures. Captive insurance is a proactive solution for this deep and profound risk, filling the void where traditional markets hesitate to participate. In this 21-minute podcast episode, join us for an engaging conversation with the distinguished innovator and forward-thinking problem solver, Michael Maglaras, as he simplifies this intricate subject, making it accessible and comprehensible.

Unlocking Captive Insurance: Tailored Solutions and Expert Insights

This podcast offers businesses a road map to curating tailored insurance solutions through captive insurance. Moreover, gain exclusive insights into navigating the regulatory landscapes of captive insurance in the United Kingdom and Europe.

Join us and harness the full potential of your captive insurance strategy. Contrary to a common misconception, captive insurance isn't a one-size-fits-all solution. Andy Hulme, a seasoned leader at Strategic Risk Solutions, imparts intriguing perspectives gained from his dynamic insurance career, shedding light into the challenges and misconceptions surrounding captive insurance.

2024 IRMI AgriCon Ethics Teaser

This 11-minute Snap Talk is presented by Elise Farnham, president of Illumine Consulting and an IRMI Emmett J Vaughan Agribusiness Conference (AgriCon) favorite speaker. Ms. Farnham provides an ethics teaser previewing what is in store for the two 2024 IRMI AgriCons. State-mandated, approved continuing education (CE) ethics courses can be hard to fit into a busy schedule. Learn how attending Ms. Farnham's ethics courses at the 2024 IRMI AgriCons will satisfy your CE needs, including the new California ethics CE requirements. 

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

Innovation Is the New Risk Management

It took nearly 2 decades to achieve cultural buy-in of risk management as a core business function and to start sharing best practices at the industry level. Construction innovation is following a similar trajectory as more companies realize that innovation has massive potential to improve business outcomes, yet few common best practices have been established and contractors struggle to create a road map for innovation with a proven return on investment.

Brandon Keller Talks Farm Mutuals!

In this 12-minute podcast episode, you will learn about farm mutual insurance. Our guest, Brandon Keller, president and CEO of Germania Insurance, discusses the history and function of farm mutuals. Tune in to hear how farm mutuals play a vital role in protecting the rural insurance market. 

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

Captive Insurance around the World: Moves in Latin America

Discover why there's explosive growth in captive insurance in Latin America (LATAM). In this captivating episode (no pun intended), join Luis Delgado, a leading expert at Strategic Risk Solutions, as he unveils the reason for the sharp rise of captive insurance formations in the dynamic LATAM region. Luis discusses what type of LATAM organizations are forming captives, where and how they are being formed, and some challenges they face.