Press Release - AUGUST 05, 2019
AM BestTV: Rated Captives Build Surplus, Outperform Commercial Sector, Says AM Best Associate Director
FOR IMMEDIATE RELEASE
OLDWICK - AUGUST 05, 2019
Eslami highlighted how the captive industry did in 2018.
“The captive industry has consistently outperformed the commercial market by double-digit percentage points,” said Eslami. “Additionally, the industry has increased its surplus for the past five years by $3.1 billion. It also has contributed $3.5 billion in policyholder and stockholder dividends. The increase in surplus, which is organic, and the segment’s operating performance and returned earnings, shows the strength of these companies in terms of resiliency, as well as the acceptability by the policyholders and the industry itself.”
Going forward, Eslami believes that emerging technologies will drive change in the captive industry.
“Challenges or opportunities include innovation and technology that captives have taken on. The potential, for example, for blockchain is large in the industry. The report also notes that captives have increased their writings on cyber,” he said.
To access a copy of this special report, titled, “Rated Captives Continue to Build Upon Strengths,” visit http://www3.ambest.com/bestweek/purchase.asp?record_code=288168 .
The AM Best-hosted webinar on the state of the captive insurance market can be viewed at http://www.ambest.tv/vcia19 .
AMBestTV is covering the Vermont Captive Insurance Association’s annual conference. Exclusive interviews at the event will be viewable at http://www.ambest.tv/vcia19 as they become available.
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