OLDWICK, N.J.--(BUSINESS WIRE)--AM Best will participate in a number of sessions at the 2023 Vermont Captive Insurance Association’s (VCIA) Annual Conference, including a discussion on the potential opportunities parametric coverage presents for the captive insurance industry and a presentation on the rising use of captives to cover cyber exposures. The VCIA conference takes place Aug. 7-10, 2023.
Fred Eslami, associate director, AM Best, will participate in a panel session on Tuesday, Aug. 8, titled, “Parametric Coverage in Captives – Nuts and Bolts.” The discussion will cover the basic concept of parametric solutions in insurance and possible uses of parametric solutions in the captive industry, including a real-world case study. The panel discussion is scheduled for 11:15 a.m. (EDT).
Later that day, at 1:30 p.m. (EDT), AM Best Managing Director John Andre and Eslami will deliver a presentation, titled, “Cyber Market Likely to Attract More Captives,” which will look at the growing role captives are playing in providing capacity and a line of protection against captive attacks, as well as the rise in cyber specialist companies that in some cases form their own captive.
In a pre-conference “Captive Immersion Workshop,” scheduled for Monday, Aug. 7, Daniel Giunta, account manager, Business Development, AM Best, will join a number of captive insurance experts and participants to discuss basics surrounding captive formations and a look at the space of captive service providers and partners. The workshop runs from 1:00 p.m. to 4:30 p.m.
AM Best is a platinum sponsor of the VCIA conference, and this year marks the 23rd year that the credit rating agency has sponsored the annual event. The VCIA conference, which will take place at the DoubleTree by Hilton in Burlington, VT, offers a multitude of seminars focused on captive insurance trends and networking opportunities. AM Best will be on site exhibiting at booth No. 32 at the DoubleTree Exhibition Hall.
In addition, AM BestTV be conducting executive interviews from the VCIA conference. Look for the VCIA-related playlist during the conference under the “Event Coverage 2023” tab at www.ambest.tv.
For more information about the VCIA event, please visit the conference overview and agenda.
AM Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated in the United States and throughout the world. For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive.
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