From: Aon
As more companies become comfortable using captives and understanding the value they add, captives are likely to become further embedded into corporate risk strategies, regardless of market conditions.
The use of captives has increased significantly in the past few years. Existing captive owners continue to utilize their captives much more to attain the coverage they need within budget, and many organizations are setting up new captives. Indeed, 25 percent of respondents to our 2023 Global Risk Management Survey indicated that they currently use a captive (up from 17 percent in 2021), and another 6 percent plan to establish one in the next three years. At Aon, we’ve seen a 43 percent rise in premiums written by captives under our management in the same period — the most pronounced growth to date.
