Captive insurance
with Prabal Lakhanpal at Spring Consulting Group
April 2025 | FWPODCAST | RISK MANAGEMENT
financierworldwide.com
In this FWPodcast interview, Prabal Lakhanpal talks about: what captive insurance entails; the drivers behind its growing popularity; how businesses can apply it to fund their risks and bridge gaps in coverage; how it can lead to greater capital efficiency and better structuring of risk; and what the next evolution of captives might be.
Interview by Mark Truman at Financier Worldwide | Published on Published on 07 April 2025
“Captives are providing a consistent mechanism to look at how companies can fund for risk in the most efficient manner possible. For a lot of large organisations, captives have been a consistent tool for them to leverage, when they think about budget certainty.”
Prabal Lakhanpal is senior vice president and national practice leader of captives and alternate risk at Spring Consulting Group, part of Alera Group. Known for strategic innovation, he leads major projects in employee benefits and captive insurance. A multi-award-winning professional, Mr Lakhanpal serves on the board of the Captive Insurance Companies Association and holds an MBA and ACI certification.
Spring Consulting Group