CICA > Domiciles > Compare

Domiciles

Note: Much of the data included here was based on year-end 2018 data. We are in the process of updating it with year-end 2019 data. Going forward we will be verifying all fields either directly with the domicile, or by using credible and confirmed data sources. If you represent a domicile or domicile association and are able to update and complete the data fields, please use this form. All data will be verified by CICA before it is published and will include the date and source of the update.

Number of active captives (pure)
7
Number of active captives (group/association)
0
Number of active captives (RRG)
0
Number of active captives (sponsored/cell captives)
Number of individual cells/cell participants
34
Total number of active captives, as of 12/31/2018
10
Types of captives allowed
  • Single parent captives
  • Protected cell/segregated portfolio companies
Number of full-time employees in captive regulatory department
8
Premiums to surplus
As per the Solvency II Directive, Directive 2009/138/EC of the European Parliament and of the Council.
Minimum capital (broken out by type of captive)

Minimum requirements in accordance with Solvency II, €2.5 million or €3.7 million for general business (depending on the classes of business authorised); or €3.7 million for long-term business.

Applicable Acts/Enabling Legislation
Financial Services (Insurance Companies) Act of 1987; Financial services (Insurance Companies)(Solvency II Directive) Act 2015; Protected Cell Companies Act 2001.
Contact information for captive Administrator
Time given for application process
SLA 6 months; average 2-3 months
Time given for operational plan changes
Website Address
https://www.gfsc.gi
Are Exams done by own employees or by contract?
What is the examination cycle by type of captive?
Cost of exam range by pure? Average price?
Cost of exam range by RRG? Average price?
State domicile association name and website

Make CICA part of your captive insurance strategy

Join CICA