The Isle of Man Captive Association represents the interests of all Isle of Man authorised insurance managers and captive owners.
Mission statement: Promote and develop the Isle of Man as a quality domicile for captive and general insurance business.
The following seven guiding principles help us measure the appropriateness of our commitment:
- 1. Advance the interest of its Members.
- 2. Assist in promoting and developing the Isle of Man as a centre for insurance business, both captive and general.
- 3. Encourage and develop local facilities for the provision of management services to captive insurance businesses operating in or from the Isle of Man.
- 4. Encourage members, where possible, to use local facilities.
- 5. Encourage members operating in or from the Isle of Man to carry out their functions and objects in an ethical manner consistent with the best interests of the Isle of Man and its International Business Community.
- 6. Offer the Isle of Man Government such advice in the furtherance of these objects as may, from time to time, be requested of the Association or which the Association considers it appropriate to bring to the attention of the Isle of Man Government.
- 7. Provide a forum for discussion and exchange of ideas relevant to the members' interests.
The Isle of Man captive insurance industry contributes to the Island’s financial services sector in many ways including:
- 166 insurers with many owned by blue-chip companies
- £5 billion+ of funds managed
- £1 billion+ in annual premiums
- 100+ people directly employed and many more involved in supporting the industry.
