Captive insurance used to live in a secret place under mysterious conditions but that's changing. As regions such as Cayman offer unique expertise and financial opportunities, a solution to many of hte P&C industry's challenges could be on the horizon.
In this episode:
- The role CIMA (Cayman Islands Monetary Authority) provides for consumer and insurance protection
- Why Cayman is a safe place of international banks to do business and support captive insurance program
- Learn how captive programs are far more accessible to smaller premiums than ever before
- How captive insurance managers help build programs, the protections, compliance and actuarial viability
- What auditing and the extensive on-island accounting resources do to help with compliance and sustainability
Captive insurance is not new but it's becoming far more accessible to many insured who did not have the same capital pool and premium size as national or multinational companies and high hazard industries.
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