Germany's strict Solvency II and lack of tax incentives mean very few local captives (9–11). Most German groups (BMW, Siemens, ALDI, Lidl) domicile captives in Luxembourg/Ireland. Source: BaFin Register + SCOR 2022 + PwC 2022.
9
Active Captive Total (DB covers 9/9)
BaFin
Regulator
28+ in LU
German Captives in Luxembourg
Mainland China Captive Premium (CNY bn)
Germany Pure Captive Count
Key Captive Companies
| # | Company Name | Domicile | License Year |
|---|---|---|---|
| 1 | CNPC Captive (Baidu) Insurance Co., Ltd. | Beijing | 2013 |
| 2 | China Railway Captive Insurance Co., Ltd. | Beijing | 2015 |
| 3 | COSCO Shipping Captive Insurance Co., Ltd. | Shanghai | 2017 |
| 4 | Guangdong Energy Captive Insurance Co., Ltd. | Guangzhou | 2017 |