Michelle Bradley and Enoch Starnes were recently featured in an article by Captive Insurance Times titled, "Quantifying Captives' Strategic Value". In this informative Q&A article, they share insights on how actuarial analysis is helping captives deliver broader strategic value beyond cost savings.

Questions such as, "What are some innovative actuarial metrics or key performance indicators captives can use to demonstrate strategic value beyond cost savings, and how can these be effectively communicated to non-insurance stakeholders?", "How can actuarial science evolve beyond loss projections to better measure the strategic value captives bring through risk control and customized coverage?", and "How can captives and advanced actuarial analysis be better integrated into enterprise risk management to offer a more strategic view of risk and opportunity across the organization?", are addressed.

You can read the Captive Insurance Times issue here. Navigate to pages 30-34 to read the full "Quantifying Captives' Strategic Value" article.

As a reminder, SIGMA's Captive Overview Brochure presents a high-level captive overview and addresses fundamental questions, such as “What is a captive insurance company?”, “Why would I use a captive over traditional insurance?”, and “How do I form a captive?”. We encourage you to check this resource out, as well as the other tools in our complimentary resource library.

We welcome discussion with any of our insurance colleagues who want a better understanding of these topics, and those wishing to contact us can do so at support@SIGMAactuary.com or by scheduling a call today with one of our consulting actuaries.

© SIGMA Actuarial Consulting Group, Inc.