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Delve into captive insurance governance matters including board attributes, board structure, and board accountability. With 30 years of insurance experience from the auditing, regulatory, and management side, Derick White, managing director of corporate governance and regulation for Strategic Risk Solutions, offers key insights into captive board governance.

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The Oklahoma Captive Insurance Domicile

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October 31, 2019

Like many other captive insurance company domiciles, Oklahoma has enjoyed steady growth.

Between 2014 and 2018, the number of captive insurers licensed in Oklahoma, whose captive statute was passed in 2006, rose 25 percent, increasing from 45 in 2014 to 60 in 2018.

Captive premium volume has risen even more significantly. In 2018, the state's 60 captives generated $158.2 million in gross written premiums, up from just $96.1 million in 2014, a nearly two-thirds increase in just 5 years.

Captive managers say the growth, at least in part, has been driven by the high quality and accessibility of Oklahoma captive regulators.

Click on the image below to learn more about the Oklahoma captive domicile.

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