Captive Research

Industry research reports, special topics and regulatory interpretation

SpaceX Explosion Draws Attention to Insurance for Rocket Science

When the SpaceX rocket exploded on a Florida launchpad Thursday, the first thought that probably came to mind was thank heavens there weren’t any astronauts on board. The second may have been: Who’s going to pay for all this? The concept of insuring a hugely expensive payload situated atop a big bomb wasn’t the foremost concern when Mercury, Gemini, and Apollo astronauts were hurtled into space in the heyday of America’s space adventure. Even during the years of the lumbering space shuttle, and the subsequent tragedies that befell the Challenger and Columbia, it was lives lost rather than the cost to taxpayers that occupied the public consciousness.

2018-10-08

Author：Editorial Team
Marine insurance blockchain platform launches

Insurwave, a blockchain platform developed by a collaboration of insurance and technology players, is being used to help manage marine hull risk and insurance, according to Ernst & Young L.L.P., which helped build the platform.

2018-05-29

Author：Editorial Team
CPIC issued the first "corporate personnel overseas Security Insurance" policy

Recently, CPIC in Shaanxi issued the first "corporate personnel overseas Security Insurance" policy, to meet the current domestic market for "go out" enterprises to protect the real needs of their overseas employees, for enterprises abroad to provide all-round personal health and safety protection.

2018-04-21

Author：Editorial Team
Guarantee Insurance becomes the new favorite of industry

2018 is the network loan platform to complete the registration of the key period, in accordance with regulatory requirements, unable to complete the filing platform must exit, so the need for investors more cautious than in previous years. After all, net loan investment and general consumption behavior is different, a little careless will suffer huge loss.

2018-03-21

Author：Editorial Team
Beijing Issues New Rules for Real-Road Testing of Autonomous Vehicles; Insurance Required for Road Use

The Beijing Municipal Commission of Transport has issued guidance documents to regulate and promote the development of autonomous driving technology. Under the new rules, independent legal entities registered within China may apply for temporary on-road operation of autonomous vehicles. Once on the road, testing entities must purchase traffic accident liability insurance or obtain a compensation guarantee letter.

2017-12-18

Author：Editorial Team
Fundamentals of Employee Benefit Insurance for Captive Insurers

A small but growing number of groups are choosing to have their captive insurers write employee benefit insurance. According to estimates by captive experts, approximately 70 to 80 employers, including The Coca-Cola Company, Google, Hormel Foods Corporation, and Microsoft, now use their captive insurers for many employee benefit insurance programs, such as accident insurance, group term life insurance, and long-term disability insurance.

2017-07-10

Author：Editorial Team
Insurance Industry's First National Standard in the Property Insurance Sector Approved for Project Initiation

On May 26, 2017, the “Rules for Vehicle Model Identification Coding in the Insurance Industry,” drafted under the responsibility of the Insurance Association of China (hereinafter referred to as the IAC), was included in the first batch of national standard development and revision plans for 2017 issued by the Standardization Administration of China, becoming the first recommended national standard project in China's property insurance sector, with plan number 20170506-T-320.

2017-05-31

Author：Editorial Team
Lloyd's Leads the Global Cyber Insurance Market

Lloyd's is the undisputed leader in the global cyber insurance field. In 1999, Lloyd's underwrote the world's first cyber liability insurance policy. In 2015, the Lloyd's market contributed nearly one quarter of the premium income of the global cyber insurance market.

2017-05-13

Author：Editorial Team
CIRC Is Revising the “Administrative Measures for Health Insurance”

On March 22, the Insurance Association of China released China's first commercial health insurance development index. The index surveyed 36 large and medium-sized cities, with respondents being residents aged 20 to 54. The survey results showed that China's commercial health insurance development index was 60.6, at the lower end of the basic level. Huang Hong, Vice Chairman of the China Insurance Regulatory Commission (CIRC), said at the index release that China's commercial health insurance remains at a relatively low level globally in terms of both depth and density; from another perspective, this also shows that China's commercial health insurance has huge development potential and broad prospects. In addition, Huang Hong revealed that the CIRC is revising the “Administrative Measures for Health Insurance.”

2017-04-08

Author：Editorial Team
Tesla Bundles Insurance into the Car Price: Who Will Pay for Whom?

Tesla CEO Elon Musk has at this point put forward a plan under which users pay a one-time insurance and maintenance fee for their Tesla electric vehicles, with the cost included in the car's purchase price and the insurance covering the vehicle's entire life cycle. Is this intended to further integrate the industry chain, or is there an ulterior motive?

2017-03-07

Author：Editorial Team

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