From: Captive International

From industry education to essay contests to committees, the Captive Insurance Companies Association is working tirelessly on promoting, nurturing and developing careers in the captive insurance industry. Dan Towle of the association reports.

It’s a great time to explore careers in captive insurance. The industry is experiencing unprecedented growth during a long hard-market cycle combined with opportunities stemming from the pandemic.

This should not be a surprise. The captive insurance industry has regularly seen growth during difficult times because captives have always been looked to for creative solutions and to fill coverage gaps not available in the commercial market.

A career in captive insurance is something you can build on for many years.”

Tim Padovese, Ophthalmic Mutual Insurance Company

This dynamic captive insurance market offers young professionals opportunities that are both challenging and rewarding.

Additionally, captive insurance is a global industry, and many people in the industry travel domestically and internationally for work meetings, conferences and more. A job in captive insurance ticks all the boxes for a fascinating and gratifying career.

“Whether it’s coming up through the underwriting ranks, or working in finance, risk management or marketing, there are so many different opportunities in the captive industry and the best part is, they’re high-paying jobs. A career in captive insurance is something you can build on for many years,” says Tim Padovese, president and chief executive officer, Ophthalmic Mutual Insurance Company.

Championing captive insurance careers

Recognising that our industry needs to help promote, nurture and develop careers in captive insurance has served as the platform for the Captive Insurance Companies Association (CICA’s) professional development programmes.

By offering more than just industry education, our College Student Essay Contest, NEXTGen, Amplify Women, and Mentorship programmes are providing opportunities to network, gain social recognition and build career skills such as public speaking, committee work and more.