At the request of players in the alternative risk-transfer industry, the Captive Insurance Companies Association has begun the process of establishing best practices for captive operations.
Karin Landry, a CICA director and managing partner of Spring Consulting Group in Boston, has been bringing the various facets of the captive industry together to determine best practices.
"We thought it was important that captives, as they continue to grow and develop, benchmark their performance to add value to their organization; to continue to evolve their captive operation; and to separate and compare their performance to the traditional insurance marketplace," Ms. Landry said.
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