Vanuatu

 
Total number of active captives
Sign in to see more data
Number of active captives (pure)
4
Number of active captives (group/association)
1
Gross written premium for all captives
Sign in to see more data
Total number of active captives, prior year
5
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
Number of full-time employees in captive regulatory department
3
Annual fees
Sign in to see more data
Premium tax rate
Sign in to see more data
Premiums to surplus
Ratio of premium to capital, 3/4 to 1.
Minimum capital (broken out by type of captive)

$100,000 general insurance classes; $250,000 life and long-term insurance classes.

Applicable Acts/Enabling Legislation
Insurance Act No.54 of 2005. Insurance Regulation Order No.16 of 2006
Captive Administrator’s name and longevity in position and also within department
Sign in to see more data
Time given for application process
2 weeks to 3 months depending on full infor. provided
Regulator
Sign in to see more data
Address and contact information of Regulatory Department
Sign in to see more data
Website Address
https://www.rbv.gov.vu