More firms turn to captive insurance amid hard market

Posted On: Apr. 15, 2021 9:42 AM CST

Analysts at the Swiss Re Institute said that use of captive insurance has increased among companies looking to self-insure risks as COVID-19 pandemic-related disruptions and rate hardening affect commercial insurance, Reinsurance News reported. Use of captive insurer is growing in Latin America and Asia, and among mid-sized companies.