In a global landscape characterised by new and emerging risks, the insurance industry is having to react and adapt to find the solutions to mitigate and cover an ever-changing profile of exposures. One solution that is gathering traction is captives, which are becoming more mainstream.
The UK’s proposals for a tailored captive insurance regime have generated significant discussion and interest among risk management and insurance professionals, including at this year’s Airmic Annual Conference. Elsewhere in Europe, other captive regimes are adding momentum to a market increasingly recognised as an important component of corporate risk management and financing.
While markets are introducing new captive regimes to meet growing demand, Guernsey is well ahead of the curve, drawing on more than a century of captive insurance experience.
