In an industry rooted in trust and accountability, ethical decision-making is more than a best practice—it's a professional imperative. This session explores the ethical dimensions of captive insurance through a powerful framework known as the Ethics Equation. Participants will examine what it truly means to “do the right thing, even when no one is watching” and why integrity, transparency, and moral courage matter in risk management.

Using real-world examples and insights from the evolution of captive insurance, this course will help attendees understand the ethical foundations of the industry, the governance structures that promote integrity, and the ripple effects of unethical conduct. Join Michael Koscielny, Jr. for an engaging discussion that goes beyond compliance and dives into the character, values, and accountability that shape ethical leadership in captive insurance and beyond.

By the end of this session, participants will be able to:

• Define ethics and explain its role in guiding individual and organizational behavior, particularly in insurance and risk management. 
• Identify the key components of ethical behavior in captive insurance operations, including governance, transparency, stakeholder fairness, and regulatory compliance. 
• Analyze the potential consequences of unethical conduct within captive insurance entities for stakeholders such as policyholders, parent companies, regulators, and the broader industry. 
• Apply the Ethics Equation framework to assess and balance decision-making in complex or ambiguous captive insurance scenarios.
• Evaluate strategies for fostering a culture of integrity, including leadership practices, codes of conduct, and alignment with ESG principles, to promote sustainable and principled success.