How Arizona Is Shaping Growth in Captive Insurance Markets

Recorded live at the Captive Insurance Companies Association (CICA) conference, this episode of The Edge of Risk Podcast by IRMI features Victoria Fimea of the Arizona Department of Insurance and Financial Institutions, who discusses the state's growing captive insurance program and its measured approach to development. Ms. Fimea highlights how Arizona emphasizes quality over volume, supported by a strong network of service providers and active regulator engagement.

She also outlines what regulators look for in business plans, including clarity, consistency, and alignment with actuarial analysis, while identifying common areas where applicants underestimate governance, capital, and compliance requirements. The conversation further explores how captives are becoming more integrated into enterprise risk strategies and what organizations should prioritize when building and managing a captive.

Hear the full conversation on Captive.com for practical insights into captive formation, governance, and regulatory expectations in a growing domicile.