In this episode of The Edge of Risk by IRMI, host Joel Appelbaum speaks with David Beyer, director of risk management at Alaska Airlines and board chair of ASA Assurance, Inc., the airline's Hawaii-based captive insurance company. David shares the story behind the creation of ASA Assurance, including why Hawaii was chosen as a captive insurance domicile and how long-term education efforts helped gain board approval. Listeners will learn how Alaska Airlines uses its captive insurer to manage a wide range of complex exposures—from workers compensation and aircraft damage to cyber liability and auto risk. David offers insights into how Alaska balances innovation with its conservative risk posture, including the use of artificial intelligence to analyze safety trends and avoid losses before they occur. He also touches on governance strategy, the role of third-party administrators, and key considerations for companies exploring a captive of their own. Whether you're in aviation, transportation, or simply curious about how captive insurance can transform enterprise risk management, this episode provides a grounded, strategic perspective from a seasoned captive owner.