Guernsey’s insurance industry is renowned for its innovation and professionalism in providing a range of risk management solutions.
The Island’s international insurance sector comprises pure captives and commercial insurers using flexible vehicles such as protected cell companies and incorporated cell companies to write an extensive range of different business and where major growth areas are:
- ATE insurance
- Credit insurance
- Professional indemnity
- Reinsurance
- Transformer cell
The insurance industry in Guernsey has origins dating back to the eighteenth century. Since the first captive was formed in Guernsey in 1922 the Island has grown to become the leading the captive insurance domicile in Europe in terms of numbers of captives and is fourth in the world based on premiums written.