DAVID NETTI

David Netti began his career as an associate loss control consultant working for a large global insurance company after obtaining his Bachelor of Science in industrial and system engineering and a Master of Business Administration. As a field consultant, he spent several years working with various national market customers to improve their loss performance.

After gaining experience in the insurance industry, he decided to pursue the captive insurance space and became a vice president of loss control for Captive Resources. Currently, he is a senior vice president and director of risk services, where he oversees all risk control operations and support service model strategy.

Netti was described as exhibiting exceptional leadership at the risk control team at Captive Resources and supporting the establishment of new group captives and continually evolving over 40 group captive programmes with an eye on service excellence.

Here he explains how dynamic the captives sector is at the moment, why he’d recommend a career in it and why he plans to stay in this area.

Do you feel that the captive insurance industry is a rewarding sector to work in?

Yes, I absolutely find the captive insurance industry to be rewarding. It’s a dynamic and constantly evolving sector, and there are always new challenges and opportunities to learn and grow. One of the most rewarding aspects of working in captive risk control is the ability to work with companies across a wide range of industries such as transportation, construction, retail, manufacturing, and distribution to help them address unique risk management needs to keep all employees safe and injury-free.

I find it enjoyable to work with captive owners and help them better understand their exposures and develop risk management strategies to help mitigate those risks.

Would you recommend the captive insurance industry to young people as a future career path?

Yes, definitely. The industry offers a variety of roles, from underwriting to claims management to risk control, which can provide a great opportunity for young professionals to gain experience and develop valuable skills. The group captive insurance industry offers the opportunity to work with a wide range of member companies and tackle complex risk management challenges, which can be both intellectually stimulating and professionally rewarding.

How do you feel that the captive insurance industry will evolve?

The captive insurance industry will continue to evolve to meet the ever-changing demands of the world. Workplace safety trends such as vehicle telematics, cybersecurity, and ESG will leave lasting impacts and a need to evolve the service model. Advancements in technology and data analytics will allow captives to manage risk and make better-informed decisions more effectively.

Group captives will leverage transparency, technology, and data analytics to provide more effective risk services to their members.

Do you think that your long-term future remains in the captive insurance industry?

Yes, I see my long-term future in the captive insurance risk control space. It’s a world that is constantly changing, and I enjoy the challenge of keeping up with new and emerging trends. Being able to work with group captive members to reduce the number of workplace injuries and ensuring all employees return home to their families is rewarding.

I believe the captives industry will continue to evolve and grow, offering exciting opportunities for me to learn and develop new skills as I advance in my career.