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The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

A FREE 12-page special report from Captive.com

The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance explores the challenges presented by today's business and economic upheaval, as well as the hardening insurance market, and what it means for the captive insurance industry.

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Seven New Captive Insurers Licensed in Arizona in 2015

Arizona
February 01, 2016

The Arizona Department of Insurance Captive Insurance Division has reported it issued 7 new captive licenses in 2015. It now has a captive portfolio of 110 captives. During the year, 11 licenses were terminated, reducing its overall captive license count by 4 from the prior year end.

                                                                  Year
2015  2014  2013 2012  2011 
Licenses Issued  7  13  9  8  4
Licenses Terminated  11  5  3  6  3
Change to Population  -4  8  6  2  1
Cumulative Count  110  114  106  100  98
Population Growth %  -4%  8%  6%  2%  1%


Risk Retention Group and Captive Breakdown
by Industry Classification
 

Health Care and Social Assistance  Construction   Finance and Insurance  Transportation and Warehousing  Manufacturing  Retail Trade  All Other  Totals
Non-RRG Captives              
Count  17  15  25  6  9  4  23  99
Percent of Total  17%  15%  25%  6%  9%  4%  23%  100%
RRG Captives                
Count  10  0  0  1  0  0  0  11
Percent of Total  91%  0%  0%  9%  0%  0%  0%  100%
Total Captives                
Count  27  15  25  7  9  4  23  110
Percent of Total  25%  14%  23%  6%  8%  4%  21%
100%


The complete Arizona captive insurance statistics for December 31, 2015, are available.

Source for charts: "Facts and Statistics as of December 31, 2015," Arizona Department of Insurance Captive Insurance Division.

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