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Despite falling premiums and expanding coverage in the traditional market, buyers have not turned their backs on alternative risk-transfer options, according to NU’s “State of the Market” survey. Nearly half (49 percent) said they are still considering ART optionsincluding captives, finite reinsurance and catastrophe bonds. Given the uncertainty of pricing in the traditional market over the long term, that doesn’t surprise me. How about you?

Half of the 132 risk managers queried said it would be at least somewhat important (18 percent, highly so) to establish or increase the use of captives over the next several years. There is plenty of room for growth in this area, as 71 percent of risk managers surveyed do not have a captive in place.

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