Briefing: Covid-19 set to drive up popularity of captives

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The Covid-19 pandemic has accelerated an already emerging trend of corporates taking refuge in their own captives, and brokers will need to change the way they operate in response By insight editor Matt Scott

The Covid-19 pandemic is having a profound impact on insurers and their clients.

And the increase in risk that has followed for many businesses has only served to exacerbate heightened risks across the world that had already hit the market in 2019.

This is leading to an increase in the use of captives, with Marsh revealing a 238% increase  in supply chain, business interruption, and contingent business interruption premiums written by Marsh-managed captives in 2019.

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