The Growing Captive Insurance Market: Is It Right for Your Business Needs?

On January 1, 2020, when millions of policyholders obtained renewals of their annual insurance policies, few would have anticipated that, within a few months, a pandemic would spread globally and lead to a catastrophic shutdown of much of the world economy, to say nothing of civil unrest on a scale not seen in generations. Small business losses in the U.S. from the pandemic have been estimated to range between $255 billion and $431 billion – per month. [1]