Rising risks, shrinking budgets – captives as the insurance industry’s MVP
In the US, the property and casualty (P&C) insurance industry plays a significant role in the national economy, contributing approximately $38 billion to the country’s nominal GDP and generating nearly 300,000 jobs.
Speaking to IB, Prabal Lakhanpal (pictured), senior vice president and national captive practice leader at Alera Group, said that recent eco