Aon report highlights low levels of captive ownership
Aon's latest attempt to drum up interest in alternative risk transfer has seen the global broker claim there is huge opportunity in captives, with 47% of the world's biggest firms still not owning one. According to a report from the company today the captive market remains underdeveloped with over half (53%) of the current global 1500 companies not currently owning a captive, said to the Global 1500: A Captive Insight report released today by Aon.
The outcome is that insurance buyers within the world’s largest companies are failing to achieve a better quality of cover as well as cost savings of typically 10-15%, through economies of scale
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