VCIA Highlights Advocacy, Membership Growth, and Education in 2025 Impact Report

The Vermont Captive Insurance Association (VCIA) has released its 2025 Impact Report, outlining the organization's advocacy efforts, membership growth, educational initiatives, and conference engagement across the year. According to the report, VCIA continues to position itself as a global thought leader supporting the captive insurance industry and Vermont's role as a leading captive insurance domicile.

VCIA reported continued growth in membership during 2025, with total membership increasing by 14 percent compared to the prior year. The report notes that full members accounted for the largest share with 260 organizations, followed by 124 associate members and 29 honorary members, reflecting continued participation across captive owners and industry service providers.

Membership composition remains heavily anchored in captive owners, with 60 percent of VCIA membership organizations operating captive insurance companies, according to the report. VCIA also reported participation from 42 US states and highlighted 31 captive owner trial members, which the report described as a record level for the association.

The organization expanded its programming throughout the year, hosting 15 programs and events with 2,072 registrants, representing a 16 percent increase over 2024, according to the report. VCIA also issued 1,083 professional education credits during the year, reflecting the association's continued focus on professional development within the captive insurance sector.

VCIA's annual conference remained a major focal point for industry engagement. The report stated that the 2025 conference attracted 1,146 attendees, a 17-year high, with participants representing 410 cities and towns and including 359 captive owners.

Conference participation also included 331 first-time attendees, which the report said represented a 17 percent increase from the previous year. The event featured 31 educational sessions, including discussion groups and breakout forums, and achieved a 96 percent attendee satisfaction rate based on the conference survey, according to the report.

Advocacy efforts remained a central part of VCIA's work throughout the year. According to the report, VCIA maintained active engagement with policymakers at both the state and federal levels to support a stable and forward-looking regulatory environment for captives.

In Vermont, the report said VCIA focused on educating policymakers and strengthening relationships with legislative committees overseeing captive matters. The association worked closely with the Vermont Department of Financial Regulation to explain proposed updates to captive statutes and ensure regulatory clarity and consistency for the industry.

At the federal level, VCIA monitored a number of issues relevant to captive insurance, including discussions surrounding the Terrorism Risk Insurance Act (TRIA) and broader conversations around property insurance availability and affordability in high-risk states. The report also noted continued attention to matters involving home-state taxation and self-procurement under the Nonadmitted and Reinsurance Reform Act (NRRA).

VCIA also continued engagement with the National Association of Insurance Commissioners (NAIC), monitoring developments that could affect captives even when regulatory initiatives were primarily directed toward traditional insurers. According to the report, these areas included cyber-security and data security initiatives, expanded data collection efforts, and ongoing work related to group capital calculations.

The association also highlighted its annual Hill Day in Washington, DC, where VCIA representatives met directly with congressional offices to share information about the captive industry and reinforce Vermont's regulatory framework. According to the report, these meetings help ensure federal policymakers understand the role captives play within the broader insurance marketplace.

Beyond advocacy and conferences, the report highlighted several new initiatives designed to expand member engagement and educational access. VCIA launched new regional chapters in Chicago and Philadelphia, intended to support local networking and educational programming while connecting members with broader association resources.

The report also outlined the development of a member online forum, designed to provide year-round digital engagement where members can exchange insights, discuss industry developments, and collaborate on VCIA content and programming initiatives.

Technology and platform improvements were also a focus during the year. According to the report, VCIA implemented updates to its information architecture and introduced single sign-on functionality to streamline access across its website, forum, and association management system.

The report also highlighted VCIA's continued investment in advocacy, noting that the organization has committed $2.2 million to captive legal advocacy since 2004, including $125,000 in 2025 alone. According to the report, these resources support efforts to ensure the captive industry's perspective is represented in legislative and regulatory discussions.

VCIA leadership emphasized that member participation remains central to the association's success. According to the report, member contributions of time, expertise, and perspective help shape VCIA programming and strengthen the organization's ability to support the captive insurance community.

Looking ahead, VCIA outlined a 2026 schedule that includes think tanks, chapter events, webinars, and the 41st VCIA Annual Conference, scheduled for August 11–13, 2026, in Burlington, Vermont.