Newsletters
Risk Central
Digital Edition
White Paper
5 Ways an Active Trade Association Helps Captive Owners Thrive Amid Change
The U.S. captive industry continues to grow, but a limited pool of talent and expertise poses challenges. A trade association that works closely with domicile regulators can help captive owners adapt and succeed amid a changing environment.
White Paper Summary
As the number of domestic domiciles increases, interest in the U.S. captive insurance industry has never been stronger. Novel uses for captives and higher risk tolerance among smaller and medium-sized businesses has fed the growth, as well as a more flexible regulatory environment.
“What makes our industry so unique is that it changes rapidly with the needs of captive owners,” said Richard Smith, President, Vermont Captive Insurance Association. “These are all factors that make the industry interesting and exciting to be in.”
But rapid growth creates its own problems.
For one, it exacerbates the talent shortage threatening the insurance sector as a whole.
To learn more about State of Vermont, please visit their website.
The State of Vermont, known as the “Gold Standard” of captive domiciles, is the leading onshore captive insurance domicile, with over 1,000 licensed captive insurance companies, including 48 of the Fortune 100 and 18 of the companies that make up the Dow 30.
