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.
By:

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.
Share
Tweet
Share

More from Risk & Insurance

White Paper

Will COVID-19 Be the Moment of Truth for Telemedicine?

In this special report, we'll look at the basics of telemedicine, it's growing expansion during the COVID-19 crisis, and compliance and security issues that your clients need to be aware of.
White Paper

4 People on the Move

Sedgwick names a head of client services, Risk Strategies names Michael Grant its employee benefits practice leader and more in this edition of People on the Move.
White Paper

Are We in a Hard Market or a Period of Transition? And Why Do These Words Matter?

Upon review, it appears that the U.S. is on the path of economic growth. What does that say for the insurance market we're currently facing?
White Paper

16 States Provide Workplace Protection for Medicinal Marijuana. Could California Be Next?

Workers on medical marijuana are being disqualified from jobs after failing drug tests. A new California bill seeks to change that.

Go to Homepage >

More from Risk & Insurance

Professional Liability Underwriters Grapple with the Impact of Social Inflation

Professional liability underwriters head to this year’s PLUS Conference with rates on the rise but damages payouts rising even faster.

Caesars Doubles Down on Employee Safety

Two risk managers with backgrounds in heavy industry were able to bring crucial risk management lessons learned into the hospitality arena.

Legal Roundup: Supreme Court Ruling Supports Scandalous Trademark, AG Cracks Down on Ticket Reselling and More

A look at recent court decisions and how their rulings have an impact on risk management and the insurance industry.
White Paper

5 Ways Front Line Claims Staff Can Take an Advocacy-Based Approach to Claims Handling

Early adopters of advocacy-based workers’ compensation models have been shown to positively impact programs and influence employee satisfaction and engagement.

Go to Homepage >
Share
Tweet
Share

Cookies

We use cookies to ensure we give you the best experience on our site. By continuing to use our site without changing your settings, you're agreeing to our cookie policy. Click to view our cookie policy.