A.M. BestTV coverage of the Captive Insurance Companies Association 2018 International conference
Nancy Gray, regional managing director, Aon, said areas of expansion for captives include stop-loss and health care issues.
Gary Osborne, vice president, Risk Partners, said better use of cameras, data, GPS and electronic logs should help companies and their risk managers better manage their exposures.
Michael Corbett, director of captive insurance, Tennessee Department of Commerce and Insurance, said the department is focusing on hiring CPAs and teaching them about insurance.
Steve Kinion, director, captive and financial products, Delaware Department of Insurance, wants the National Association of Insurance Commissioner's working group on capital standards to give a prominent role to review work done by states.
Attendees to the Captive Insurance Companies Association's International Conference in Scottsdale, Arizona, said the flexibility of captive insurance organizations helps them respond faster than traditional insurers.
