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By Dr. Paul WÖHRMANN and Sophia STEINMETZ, Swiss Re Corporate Solutions*
Captive owners strive for active risk management and proactive risk prevention, which is certainly in line with the interest of the corporate insurance industry. The activities of captives in Europe have expanded, as captives are now used more in an active manner. Often, several lines of insurance covering various risk exposures of the owner are ceded to the captive.
Between 2019 and 2022, the global captive insurance market in terms of premium volume increased by 24.8% with total premiums written reaching $72 billion in 2021. The captive insurance industry, based on expert opinions, will set to have a $250 billion global market value by 2028(1). Following the...
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