More captives set to focus on wellbeing linked people risks to mitigate lack of risk transfer options

By Katie Scott2026-05-27T11:00:00

Traditional captives are gaining traction – but for businesses unable to fund such models solo, future innovation could see ‘a land version of P&I clubs’ come to fruition, predicts chief governance and sustainability officer

Captive arrangements – a form of self-insurance where an organisation creates a licensed insurance subsidiary to cover its own risks, rather than purchasing commercial policies from an insurer – are increasingly being used to protect against “people and wellbeing specific risks for corporations”, according to Jennifer Thamm, chairperson at the Institute of Risk Management (IRM) in Switzerland and chief executive at workforce wellbeing tool SaysLife.

Thamm was speaking during Strategic Risk’s latest SR:500 Exchange roundtable, held virtually on 28 April 2026 and titled ‘Aligning risk and insurance amid geopolitical disruption: How risk managers and brokers view underinsurance and protection gaps’.

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