Product Update

Research Study on Types of Companies That Have Captives Featured in Risk Financing


Risk Financing Perspectives for this Risk Financing release offers an overview of a research study on the characteristics of organizations that utilize captive insurance. The study findings were published by the National Association of Insurance Commissioners in a discussion titled "Characteristics of S&P 500 Companies with Captive Insurance Subsidiaries," authored by Mu-Shen Chang and Jiun-Lin Chen, professors from California State University and Valparaiso University, respectively. The authors studied data available from 2000 to 2016 for the companies included in the S&P 500 in order to identify correlating characteristics of organizations that utilize captive insurance companies. Some of the correlations identified by the study are intuitive, but others provide some interesting findings. It revealed some correlations between captive owners and certain financial characteristics that seem counterintuitive. Perspectives was authored by Christopher Holmes and Ernie Blanche, both with RiskVersity in Cincinnati, Ohio.

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