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VCIA held 2019 annual conference on August 5–8



Over 1,000 people  from nearly every state and 11 countries attended this year's Vermont Captive Insurance Association (VCIA) annual conference, held in Burlington, Vermont, on August 5–8.


The attenders discussed cutting-edge topics focus on addressing the latest captive developments and issues, including captive operation, Reinsurance cooperation, Captive Employee Benefit, Cyber Security and etc..  the event also provided sessions covering InsurTech, blockchain, artificial intelligence (AI), and the use of other technology.


The captive insurance world is changing quickly to keep pace with technological changes in the insurance industry. Drones and artificial intelligence technology are increasingly being used to assist risk managers in pricing and claims management.

With 90 captives coming in and 50 captives leaving, Vermont's captive development reflect the international movement of captive industry. In recent years, as the changing of the captive regulation and tax rules of global captive domiciles, and the While global  multination enterprises ebbs and flows from year to year, captives  redomesticating, merging or quit coming from a variety of onshore and offshore domiciles. Currently, the Vermont captive division oversees 60 companies that have international-based parent organizations, including organizations in the European Union and the United Kingdom (47 of the total 60) as well as a handful from China and Mexico.

In all, Vermont has licensed 1,144 captives since the 1981 passage of its captive statute, 25 captives licensed in 2018 and has licensed 7 new captives so far in 2019.

Currently, Vermont has held 581 total licensed captives, representing $195 billion in assets under management and $23 billion of gross written premium.