From: Captive International
Over the next decade, many senior insurance leaders will retire, taking their experience and knowledge with them, and so there’s never been a better time to future-proof the industry and support its up-and-coming leaders.
The Captive Insurance Companies Association (CICA)’s ‘NEXTGen − young & new professionals’ initiative has, over the last five years, opened the door wide for emerging professionals to belong, contribute and lead. What began in 2019 as a small taskforce of fewer than 10 people grew into a strong community of over 250 participants—and a cornerstone of captive insurance’s future.
“From my perspective, the biggest impact CICA NEXTGen has had on the industry is that it supported the creation of a sustainable pipeline of emerging talent and future leaders,” said Prabal Lakhanpal of Spring Consulting Group, who previously chaired the group.
By investing in the next generation, we are not just preparing future leaders; we are creating a more connected, innovative, and inclusive captive industry.”
Dan Towle, CICA President
“Before NEXTGen, there was a notable gap in how the industry attracted, engaged, and retained young professionals; NEXTGen has changed the narrative by not only building a community for early-career professionals but also giving them a platform to contribute meaningfully—whether through educational programming, mentorship opportunities, or thought leadership.
“This initiative has made the industry more accessible and future-focused, helping ensure long-term vitality and innovation in a field that can otherwise seem niche or an insular space.”
The scheme’s purpose has been “to bring the voices of young and new professionals to the planning table to advise CICA on providing the education and networking, including the social networking, they are looking for to advance their captive careers” and started with a cross section of captive owner, service provider and domicile/regulator members.
