In June of 2019, CICA announced initiatives intended to facilitate the development of new young professionals within the captive insurance industries. This was in response to feedback received from industry professionals and recognition that many of those in the captive insurance industry did not “set out to pursue a career in captive insurance.” In addition, many emerging professionals have not had the opportunity to participate in internships, mentorships, and risk management and insurance curriculums.

This reality is being exacerbated by the quickening rate of retirements of current professionals, emerging technologies, and operational transformations.