Need Insurance? Why not own an Insurance Company?
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Need Insurance? Why not own an Insurance Company?

Paritosh Singh Paritosh Singh

Paritosh Singh

Reinsurance, Insurance, Data Protection, Consultant, Strategy, Design Thinking, Agile, Healthtech, Insurtech, P&C, L&H

发布日期: 2021年4月13日
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As per a study done by AMB Captive Center, in 1980, there were around 1'000 Captive Insurance Companies, compared to 7'000 today. If you consider Swiss Re's latest insight, because of the risk hardening and COVID-19 disruptions affecting commercial insurance, the use of Captive Insurance is set to grow in Asia & Latin America, especially among the mid-size companies.

With big reinsurance companies like Swiss Re & Munich Re, always ready to help new entrants in the field, it could bring more affordability and innovation into the Insurance industry.

This also means a great time for the Tech Companies who have their own suit of Insurance & Reinsurance related products to offer. The bigger pieces of the cake will be taken by the IT companies whose product is flexible, easy to use, offering incremental benefits & hitting the pain points in the entire operation chain like a trained Accupressure Therapist!

Is your organization ready to benefit from the coming revolution in the Insurance industry?


Sources:

  1. Economic insights Hard market solutions: captive insurance thrives in tough times by Swiss Re Institute.
  2. https://content.naic.org/cipr_topics/topic_captive_insurance_companies.htm

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