Increasing risks from climate change, geopolitics and AI mean that captive insurance is fast becoming a mainstream way to manage risk, attendees heard at the Airmic Guernsey Conference.
Titled ‘Leading the way in international risk financing’, the conference saw a sell-out crowd with nearly 100 delegates from the UK joining local insurance professionals to learn more about captive insurance through the lenses of climate and cyber risk, AI and geopolitics.
One of the many benefits of captives is to give businesses greater control over risks and how they are financed, providing better long-term risk financing strategies in both hard and soft markets.
In her opening address, Airmic Chairman Julia Graham said: “The protection gap is being stretched by increasingly complex and connected risks. So that’s the context that we deal with and demonstrates not only how important captive insurance is here, but also that Guernsey is about more than captives as a recognised international business and insurance centre.”
Speaking about Guernsey’s insurance sector, she added: “Guernsey does and always will offer great solutions, designed, delivered and governed by…
