Captives must reassess risk exposures due to COVID-19

The COVID-19 pandemic has forced risk managers to reassess the way they manage their exposures. In this risk environment, what implications exist for the captive insurance industry? According to Milliman consultant Mike Meehan, it is important for captives formed before 2020 to assess the potential effect of COVID-19 in the event they are unprepared to deal with claims arising from the virus. He explains more in his article “Adapting risk strategies to cope with COVID-19.”

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