The biggest advantage to writing third-party business through a captive insurance company is that it may provide a tax advantage, according to David Lang, principal, consulting actuary with Milliman. An organization may be able to defer taxes on its unpaid claim liabilities, much like an insurance company.
Scholarships for programs of study with the International Center for Captive Insurance Education (ICCIE) include Harry House Captive Insurance Scholarships and the Vermont Captive Insurance Association (VCIA) Distinguished Scholar Award. The application deadline for all scholarships is June 30, 2019. Award recipients will be announced in August during VCIA's annual conference.
The Captive Insurance Companies Association (CICA) recently launched a "NEXTGen-young & new professionals" task force, which will begin meeting over the summer with recommendations expected in the fall.
The International Center for Captive Insurance Education (ICCIE) announced that it recently conferred its 500th Associate in Captive Insurance (ACI) designation. Currently, there are 1,200 students either enrolled in the ACI program or who have taken courses towards completing the ACI.
RIMS, the risk management society™, has selected nine universities to compete in Boston for the 2019 Spencer-RIMS Risk Management Challenge top honor.
The International Center for Captive Insurance Education's (ICCIE) website now features a page that shows which companies have qualified, to date, as ICCIE Trained Organizations. The page will be updated as companies are added to the list.