The importance of captive strategies is not a passing response to fluctuations in market cover and pricing conditions, but an established part of a future-looking risk management and risk financing strategy and programme.
Our survey does not only reflect the views of those members that currently own a captive, but also those that do not and may be considering one in the future. Based on the results, we can expect to see captive numbers continuing to grow amongst the Airmic membership.
In the year when views were called for as part of a consultation on captive insurance by the Treasury on the future of the UK as a captive domicile, Airmic recognises that the demand for captives is growing around the world.
As captives move more into the mainstream, we believe it is a logical development for this to be reflected within the UK as a leading financial services centre. Airmic members do, and will, continue to make use of a wide range of captive domiciles around the world, and presenting them and future captive owners with an additional UK option will further strengthen their hand and choices as they implement increasingly agile, intelligent, and resilient risk financing strategies.