Like many other captive insurance company domiciles, Oklahoma has seen steady growth in its captives' premium volume.
Between 2018 and 2022, captive premium volume increased significantly, rising to $297.6 million in 2022, up from $158.2 million in 2018.
Captive managers say the growth, at least in part, has been driven by the high quality and accessibility of Oklahoma captive regulators.
"The captive division is phenomenal. They really want to help and are very accessible," said Jerry Messick, CEO of captive manager Elevate Captives in Oklahoma City.
"They really are on their toes. They are quick and responsive," Mr. Messick added.
"The staff is very willing to engage in discussions and answer questions. They really are dedicated to the captive insurance marketplace," said Victoria Fimea, the former senior vice president, legal counsel, and head of the regulatory department for North America for Artex Risk Solutions in Mesa, Arizona, adding that the outlook "is very positive for growth."