Global growth affirms captives' value in solving business challenges

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<dateIssued>2021</dateIssued>
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<abstract displayLabel="Summary">The COVID-19 pandemic disrupted supply chains and put enormous financial pressure on nearly all industries and companies worldwide. Captives thrived as the events of 2020 showed that these vehicles continue to respond to challenging insurance market conditions. For these reasons, captives experienced record growth in virtually every area. And that growth has continued in 2021, which is on track to be another record year. As Marsh Captive Solutions compiled our 14th edition of The Captive Landscape, the benchmarking data showed organizations in every industry turning to captive vehicles to help them meet their challenges. Captives have proven to be effective tools in responding to risksand changing market conditions, which is why they keep growing. Growth came in existing captives as well as new formations, as organizations sought ways to relieve pressure on their balance sheets. With advantages including cost efficiencies, financial flexibility, the ability to design customized coverages, access alternative capital, generate profits through third-party business, and enhance environmental, social, and governance initiatives (ESG), captives will continue to be an important option in managing and financing risk. As the world's largest provider of captive management and consulting services, Marsh proudly presents the 2021 Captive Landscape report. Our client service team is ready to assist you in solving your risk challenges.</abstract>
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