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

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Why Go Captive, or Why Not?

Steve Kinion-SF
November 18, 2019

A new Captive Thought Leader Video featuring Steve Kinion, director at the Bureau of Captive and Financial Insurance Products—Delaware Department of Insurance, titled "Why Go Captive?" has recently been added to the Captive.com video library.

According to Mr. Kinion, "Why go captive?" is a question to be answered by state-level policymakers, state-level insurance commissioners, and state-level insurance regulators. It is also a question that can be described as "Why should a state become a captive insurance domicile?"

Mr. Kinion describes four models for captive insurance domiciles at the US state level that are what he categorizes as the external model, the internal model, the hybrid model, and the "not a captive insurance domicile at all" model. He advises that deciding to adopt a captive insurance statute requires that there is a good rationale for doing so. That rationale can be economic development; it could also be to enhance tax and feed revenue for the state; or it could be to allow service providers to provide better services.

There is no cost to view the videos, and you will find them in the Captive Thought Leader Videos section of Captive.com. More videos will be added in the future.

(Mr. Kinion is pictured above.)

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