Triple-I Weblog | Group Captive Unites Threat Managementand Sustainability

By Mary Sams, Senior Analysis Analyst, Triple-I

Influence Re Ltd. – a member-owned captive fronted by Zurich North America – brings collectively firms from a wide range of industries that share an curiosity in each danger administration and sustainable enterprise practices.

The captive is a partnership between Zurich North America and Innovative Captive Strategies (ICS). Along with being one of many largest suppliers of economic insurance coverage services in america and Canada, Zurich North America is a part of international insurer Zurich Insurance coverage — an organization well known for its dedication to sustainability. 

Group captives allow firms with comparable danger profiles to scale back their insurance coverage prices by pooling danger and simplifying danger administration. Typical constructions embody committees managing danger management, finance, and underwriting.  Influence Re provides a sustainability committee and can supply members larger management and administration of auto, common legal responsibility, and staff compensation packages, in addition to offering entry to administration companies targeted on sustainability from Zurich Resilience Solutions (ZRS).

ZRS will conduct a sustainability evaluation of the member firm’s carbon footprint and vitality consumption. The evaluation just isn’t designed to exclude non-conforming firms from membership however to supply baseline information in opposition to which members can measure their progress towards their very own sustainability targets. The target is to quantify the enterprise advantages of sustainability and talk these advantages to stakeholders.

Influence Re is among the many winners introduced within the Business Insurance 2023 Innovation Awards.

Be taught Extra:

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Triple-I Paper Takes a Detailed Have a look at Member-Owned Group Captives