From: Captive.com/IRMI
Editor’s Note: As the captive insurance industry prepares for the 2025 CICA International Conference, taking place March 9–11 in Tucson, Arizona, we connect with Dan Towle, president of the Captive Insurance Companies Association (CICA). With decades of leadership and a deep commitment to advancing the captive industry, Dan shares his insights on the trends, challenges, and opportunities shaping this year’s event. In this interview, he provides a glimpse into what attendees can expect and how CICA plays a pivotal role in supporting the global captive community.
CICA has long been a voice for the captive insurance industry, monitoring emerging issues and regulatory changes. What key challenges do you see for captives in 2025, and how does the CICA International Conference aim to address them?
According to Ernst & Young’s 2024 Global Insurance Outlook report, captives represent nearly 25 percent of the commercial insurance market. As the captive industry becomes a larger part of the overall insurance market, there is no doubt that it makes us a bigger target for those who do not understand our industry and the business purpose of establishing and operating a captive insurance company.
At CICA, we continue to invest in our lobbying and advocacy at the federal level. The captive industry is often misunderstood, and we all need to be diligent in our messaging to educate the broader market and our federal lawmakers. I think this will be a larger challenge for our industry and we all have a role in helping to educate the business purpose of captive insurance to our elected officials.
A unique feature that our conference provides is addressing these challenges and other top-of-mind issues by bringing domicile regulators from across the industry as well as captive association leaders together. CICA provides an opportunity for these leaders to meet behind closed doors to discuss pressing issues during the conference. This is another way that CICA helps promote collaboration and innovation.