New alternative capacity markets are emerging that represent a more widespread challenge to the traditional insurance mechanism, according to a study released yesterday.
These new markets are developing as the alternative insurance market legacy structures, such as retentions and single-parent captives, are reaching maturity, according to the study by Conning Research and Consulting, Inc.
“Today's alternative market consists primarily of self-insured retentions, often supported by captives, and represents nearly one-third of the risk financing market,” said Mark Jablonowski, a Conning analyst for the Hartford, Conn.-based Swiss Re subsidiary.
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