Richard Cutcher: Executive Producer, Global Captive Podcast: What is a captive and the new opportunities for innovation (198)

If we want to understand opportunities for innovation in insurance we need to understand what the customer wants – the people and companies buying insurance. Many companies are now setting up captives to use their own capital as an alternative or to complement the insurance they are buying.  In this episode, Matthew is joined by Richard Cutcher, Executive Producer of the Global Captive Podcast and the Ambassador for the Captive Special Interest Group at the UK Risk Managers Association (Airmic). They start off with an explanation of what a captive is, and discuss the opportunities for risk managers and insurance buyers for using data and analytics. Other talking points include:  How captives are regulated Examples of companies using captives  Data and analytics that are being used by captives from companies such as Arbol Recommended podcast episodes from the Global Captive Podcast You can find Global Captive Podcasts 35, 63 and 67 mentioned in the podcast here. If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. Continuing Professional Development - Learning Objectives InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme. The Learning Objectives for this podcast are: Define the role of 'captives' in the insurance industry and how they are regulated List some examples of the relevant data and analytics of interest to captives Summarise the benefits of companies setting up captives to complement or offer alternatives to traditional insurance If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 198 page of the InsTech website or email [email protected] to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.