Captives are becoming a more strategic tool for risk managers as gaps in traditional insurance cover widen and businesses look for new ways to finance emerging risks.
Captives are no longer just filling gaps left by the traditional market. At Airmic’s Captives Forum in London, speakers argued they are becoming strategic tools for understanding emerging risks, generating usable data and shaping the next wave of insurance solutions.
As public trust fragments globally, experts at Airmic’s Risk Forum warned that reluctance to work across differences could damage productivity and operational cohesion, placing a new spotlight on culture as a risk management priority.
A shift from operational resilience to strategic resilience will require deeper board engagement, sustained investment and scenario-led decision-making, according to speakers at Airmic’s Risk Forum.
Previously a back-office function, resilience in the digital space is now in the spotlight. At an SR:500 roundtable in asssociation with Marsh, risk leaders explored how AI, regulation and culture are highlighting new strategies and demanding board-level attention.
Risk management will be characterised by embracing ESG, risk culture and smart use of artificial intelligence, according to Airmic’s Future of the Profession 2023 report.
As regulatory frameworks such as NIS2, DORA and the EU AI Act begin to overlap, organisations face mounting pressure to rethink how governance, risk and compliance operates in practice. Riskonnect’s Sherry Dillon explains why traditional compliance approaches are no longer enough.
Enterprise risk management often promises insight but delivers assurance. As boards push for clearer, risk-informed choices, risk leaders need to move beyond compliance-driven GRC workflows and towards decision-focused measurement that links risk to objectives, an approach Face the Risk is helping organisations put into practice.
Webinar: With boards more engaged, our next mission is clear: offer a wide-angle lens on how risks interact, and why risk management and opportunity can co-exist. Our panellists share candid insights on how to turn silos into the strategies a board wants to see.
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As nat cats grow more severe, insurance gaps are widening - but parametric solutions might hold the key to resilience, says Dianna Nelson, a senior structurer at Swiss Re Corporate Solutions