Many multinationals with global programmes will also have a captive insurer. A captive’s involvement in the setting and funding of retentions can be vital to a multinational programme. A captive is the one of the most cost-efficient ways to fill the gap between the group retention and the local retention levels. In addition, a captive can facilitate the ability to allocate premium to subsidiaries and operating units and thereby improve loss control and risk management.

Captives are growing in importance in Asia and this session will examine the captive potential and its role in a global insurance programme.

• How important is a captive to a global insurance programme?
• Is there a central role to be played, especially around retention levels and co-ordinating the different covers of subsidiaries around the world?
• How can a captive be used in a global programme – as a primary insurer, reinsurer, or excess insurer?
• How does using a captive help achieve consistency, certainty and compliance?
• Why does it make sense to create a captive in Singapore to cover your Asia Pacific risks?