5 Ways an Active Trade Association Helps Captive Owners Thrive Amid Change
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.
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