captive insurance statisticsCaptive insurance companies have been a risk funding option for decades, but the captive insurance industry has really grown significantly in size and scope over the past twenty years. What used to be a somewhat niche property & casualty funding option for the largest of corporations, is now a viable finance vehicle for business of all sizes covering all types of business risk, including employee benefits.

So how far has the captive insurance company come? Here are some helpful captive insurance statistics and facts that we have been able to uncover during the course of our consulting work. We will try to update this post fairly regularly. All stats and facts are linked to their original source, where appropriate and source dates are included.

Please note that some captive insurance stats are easier to dig up than others, so this is our best attempt to capture the most up to date information as possible using industry reports and research.

Captive Insurance Statistics

Number of captive insurers globally*:

6,939

Last checked 5/20/16


Percentage of Fortune 500 companies that have a captive:

Over 90%

Last checked 5/20/16


Number of global captive insurance domiciles:

More than 70

Last updated 3/29/16


Number of US states and territories that support captives:

35+

Last updated 2/19/15


Largest US captive domicile:

Vermont

Last checked 5/20/16


Percentage of the world’s captives that have an association with the US:

Over 75%

Last checked 5/20/16


Percentage of P&C premiums written that are written through captives:

Over 50%

Last checked 5/20/16


Percentage of global captives that are domiciled in the US:

44.6%

Last checked 5/20/16


Percentage of global captives that are domiciled in the North American offshore:

40.1%

Last checked 5/20/16


Percentage of global captives that are domiciled in Europe:

12.7%

Last checked 5/20/16


Percentage of global captives that are domiciled in the Asia-Pacific region:

2.3%

Last checked 5/20/16


Percentage of global captives that are domiciled in Canada:

0.3%

Last checked 5/20/16


10 most popular captive insurance domiciles:

Bermuda

Cayman Islands

Vermont

Utah

Anguilla

Delaware

Guernsey

Nevis

Barbados

Luxembourg

(source)

Source date: Year-end 2014


*Cell captives increase this number significantly if each cell is considered a separate captive.