What’s the driving force behind that growth? The hard insurance market.
“In a challenging market, the capacity is not there, insurance premiums are going up, and there’s pressure from your stakeholders (maybe your treasurer, your CFO, your CEO) looking at all lines of coverage, trying to drive out costs in every single way they can, and looking under every single rock for savings,” said Michael Serricchio, Americas sales and advisory leader, Marsh Captive Solutions.
Captives are a natural solution to many of the challenges caused by a hard insurance market. They enable organisations to control their costs and improve their