Founded by Singapore domiciled captive insurance company owners, the Singapore Captive Insurance Association is a place for owners to meet and share experiences and best practice in the formation and growth of wholly owned captive insurance companies
With close to 90 captive insurance companies, Singapore is the largest domicile in Asia for captive insurance companies. The Singapore Captive Insurance Association (SCIA) was founded in Singapore 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
Why should captive insurance company owners in Singapore join the association?
Networking & Collaboration
We foster a collaborative environment where captive owners can connect, share experiences, and learn from one another, through dedicated events and conferences.
Education & Training
We equip our members with the latest insights and knowledge on captive insurance strategies, compliance requirements, and emerging trends through workshops, seminars, and expert-led webinars.
Advocacy & Representation
We actively represent the interests of our members at the regulatory and industry levels, ensuring that the captive insurance industry is strong, understood, and well-regulated.
Best Practices & Resources
We provide members with a wealth of resources, including industry reports, case studies, and best practices, to ensure that their captive insurance operations remain efficient and compliant.
Discover a community dedicated to building Resilience for Corporations across Asia Pacific
Singapore Captive Insurance Association
Join Us!
Please complete the form to express interest in joining the SCIA and we will get back to you within two working days.
Membership Interest
Constitution
Click below to read or download the full constitution of the association under the Registry of Societies in Singapore
Not for Profit Association
Constitution of the Singapore Captive Insurance Association