Q3 Webinar: By the Numbers - Using Vermont’s Captive Data to Benchmark and Strengthen Your Program

VCIA is pleased to present its third quarter webinar, free with membership and eligible to non-membership with a paid registration. 

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‍WEBINAR DESCRIPTIONHow does your captive measure up? Vermont’s Captive Insurance Division receives annual financial filing data from every active captive domiciled in the state—and that aggregate picture is a powerful benchmarking tool hiding in plain sight. In this one-hour session, a team of Vermont DFR regulators and an experienced VCIA member actuary will walk you through exactly how that data is compiled, what it reveals, and how to use it to strengthen your captive’s financial position.

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Becky Aitchison, Captive Insurance Analyst/Examiner III at the Vermont Department of Financial Regulation, will open with a guided tour of DFR’s proprietary captive database and the annual aggregate report—what is public, what is confidential, and which key financial ratios regulators use to monitor the health of your captive. Maigh Wright, Vice President—Actuarial Consultant, Marsh Captive Solutions, will provide an independent, practitioner’s view of actuarial benchmarking—examining how captives can use loss development patterns, reserve adequacy metrics, and peer-group comparisons to evaluate program performance and identify areas for improvement. Jim DeVoe-Talluto, Assistant Director of Captive Insurance at Vermont DFR, will bring a regulatory and strategic lens to the conversation, discussing how benchmarking data informs licensing decisions, financial surveillance priorities, and the department’s approach to captive oversight in a growing domicile.

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Whether you are a captive owner looking to contextualize your program’s results, a manager preparing board materials, or a service provider advising clients on captive strategy, this session offers a practical, data-grounded framework for evaluating performance against the Vermont benchmark universe.LEARNING OBJECTIVES

After completing this webinar, participants will be able to:

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- Describe the Vermont DFR’s annual captive aggregate report—what data it contains, how it is compiled from annual statement filings, and the distinction between public and confidential information.

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Identify the key financial ratios—including loss ratios, combined ratios, underwriting leverage, and surplus metrics—used by the DFR to monitor captive financial health, and interpret how your captive’s ratios compare to the Vermont aggregate by captive type.

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- Explain the regulatory context for benchmarking requests—including how Vermont DFR uses ranking and ratio data in the captive application, business plan changes, and financial surveillance processes.

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Apply actuarial benchmarking tools—including loss development patterns, reserve adequacy analysis, and peer-group comparisons by industry and captive type—to evaluate program performance and identify emerging areas of concern.

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- Implement at least one actionable benchmarking practice—such as comparing captive performance against Vermont aggregate data or adopting a formal claims performance monitoring framework—within their own captive program.

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Format:

Group Internet Based (Virtual)

Level:

Intermediate

CPE Credits:

1 CPE Credit | 1 VT CLE (pending approval)

Prerequisite:

Understanding of captive insurance financial statements and insurance terminology

Advance Prep:

None required. Participants are encouraged to pull their captive’s most recent annual report and key financial ratios prior to the session.

Field of Study:

Specialized Knowledge and Applications

Content Advisor:

Christine Brown

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Webinar Fees:

Members : FreeNon-Members: $150 per person (Groups of 3 or more people are $135 per person)Please note: In order to qualify for the three or more rate, all members of the group must be registered at the same time. This webinar will be via computer only. No phone-in option is available. Full instructions will be sent to all registrants a few days prior to the webinar. Participants must be pre-registered/paid to participate in the webinar. There are no refunds permitted but advance substitutions are allowed.

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‍REGISTRATION DEADLINE: September 23rd

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For more information regarding administrative policies such as complaints and refunds, please contact the VCIA office at 802 658 8242 or email kmccray@VCIA.comVermont Captive Insurance Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE  Sponsors through its website: www.nasbaregistry.org.