Jason Luckett and Rich Moncher were recently featured in an article by Captive Insurance Times titled, "Harnessing the Full Spectrum of Information". In it, they discuss property analytics for the captive insurance market.

The property insurance market is evolving, and analytics can support effective decision making in a rapidly changing environment. Property risks are now frequently being integrated into the captive space to stabilize or reduce costs and customize coverage. Captives often start out with low property coverage limits that grow over time, as surplus becomes adequate to support higher amounts of coverage.

Property risk can be challenging to analyze when compared to casualty coverages such as workers compensation, general liability, and automobile liability due to the significant volatility in year-to-year loss experience, as well as the evolving landscape of natural disasters and weather-related catastrophes.

You can read the Captive Insurance Times issue here. Navigate to pages 40-43 to read the full "Harnessing the Full Spectrum of Information" article.

As a reminder, our Captive Assessment Tool determines the need and appropriateness of a captive option using a brief questionnaire. The resulting score indicates the level of need for a captive review or feasibility analysis and can be used to drive discussions internally or with a client. We encourage you to check this resource out, as well as 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.

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