The Cayman Islands have been at the forefront of offshore captive insurance domiciles since the mid-1970’s. With careful Government supervision, backed by a stable political environment and solid professional support services, Cayman has become the second largest offshore insurance domicile in the world.
Cayman has a proven commitment to the captive insurance industry. As, October 2023 the number of captives is 653 under the Cayman Islands Monetary Authority’s (CIMA’s) supervision, remains the leading jurisdiction for healthcare captives, with 33% percent of the domicile’s captives falling into this classification; however Cayman captives are diverse, and span across many industries and lines of insurance coverage, and are increasingly being used for more innovative purpose