- Tough commercial market for not-for-profits and public entities
- Captive frequently used to fill growing gaps in coverage and raise capacity
- Emerging risks and liability insurance a particular challenge
- Internal and stakeholder buy-in can be slower than in the private market
Public entities, non-for-profits, and charities have long been common utilisers of captive insurance structures, but they are increasingly looking towards captives as a means of addressing emerging risks, stifling rising costs and mitigating a lack of capacity in the commercial market.
A common challenge faced by a number of these organisations when utilising captives is the capital requirements needed to fund the formations.
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