Are Risk Managers Missing the Boat?
- Published on Thursday, 25 October 2012 16:07
- Written by Mike McClain, Web Editor
Lately I’ve talked with two risk management experts who expressed their disappointment in the direction many in risk management have taken—or they might say lack of direction.
One risk management and insurance industry expert was explaining that captive insurance companies, corporate subsidiaries formed to insure certain corporate risk exposures, are now largely overseen by CFOs. Risk managers typically do lay the groundwork, talking with captive managers, looking at feasibility studies and captive domiciles, and deciding the benefits of locating onshore in the United States, or offshore in countries like Bermuda or Cayman.
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