Founded by Singapore domiciled captive insurance company owners, the Captive Insurance Association Singapore is a place for owners to meet and share experiences and best practice in the formation and growth of wholly owned captive insurance companies
About Captive Insurance Association
With over 80 captive insurance companies Singapore is the largest domicile in Asia for captive insurance companies. The Singapore Captive Insurance Association was founded to provide a home for captive insurance company owners to share their experiences and collaborate in the future development of this important sector.
The benefits for large organizations owning a captive insurance company are diverse. In recent years several factors have combined to make third party insurances less effective and in several cases more expensive than was previously the case. By forming a captive insurance company, organizations have an opportunity to take back control of their total cost of risk, extend their coverage options, and make serious reductions in the overall cost of their insurance programs.
Our Vision
Objectives
Expand the use of captive insurance to drive business success
Focus on attracting and retaining sector professionals
Create dialogue with fellow members
Support resilience through climate change related risk management
Represent captive owners with the MAS
Provide an open platform for members, potential captive owners, and experts from insurance companies, brokers
Our Services
Why should captive insurance company owners in Singapore join the association?
Sharing and Learning
There is a huge range of knowledge and expertise across the various licensed captives in Singapore. But until now, no single nexus point where owners could share their experiences, success and challenges. The Singapore Captive Insurance Association is changing that
Educating New and Potential Owners
There is a huge range of knowledge and expertise across the various licensed captives in Singapore. But until now, no single nexus point where owners could share their experiences, success and challenges. The Singapore Captive Insurance Association is changing that
Engaging stakeholders
There is a huge range of knowledge and expertise across the various licensed captives in Singapore. But until now, no single nexus point where owners could share their experiences, success and challenges. The Singapore Captive Insurance Association is changing that
Discover a community dedicated to building Resilience for Corporations across Pacific Asia
Captive Insurance Association
How to join?
QUICK ENQUIRY
Constitution
Click below to read or download the full constitution of the association under the Registry of Societies in Singapore
Not for Profit Association
The Captive Insurance Company Association of Singapore Constitution
Captive Insurance Association
Category of Membership
Full member:
Annual Fee : USD 5000
Its important to have a forum to connect with other captive owners and keep learning and sharing about how captives are being leveraged from Singapore to support the risk exposures of the global businesses that we all represent.
Being part of a captive insurance organization is an advantage for a risk professional like me, as it offers an enriching experience as we continue to balance the risks we retain and those we transfer. It is also beneficial for my learning and growth journey, as captive insurance companies deal with a wide range of risks and industries. This diversity provides a rich learning environment, exposing me to various industries and risk scenarios. I canalso share my own learnings with my fellow risk managers.
International SOS has a comprehensive captive structure developed over many years and including several lines which are unusual in the Asia context. It's helpful and rewarding to share our experiences on the captive journey both with other experienced captive owners and those just starting out.
Growing a captive is an exciting challenge for any organization. Being part of the journey is a pleasure and privilege. It’s wonderful to be able to share my many years of experience in business building with the captive teams I support. The Captive Insurance Association Singapore is a meaningful way for us all to pool and explore further opportunities as our businesses grow and thrive.
Our Partners
Coming soon. For service providers open to supporting the Singapore Captive Insurance Association please click here to learn more about membership and sponsorship opportunities
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Head Office
- 9 Sengkang Square, #14-17, Singapore 545075
- 98598880
- [email protected]