Insurance

Guernsey’s international insurance sector comprises pure captives and commercial insurers using flexible vehicles such as protected cell companies and incorporated cell companies to write an extensive range of different business and where major growth areas are, ATE insurance, credit insurance, professional indemnity, reinsurance and transformer cell.

The Island has grown to become the leading captive insurance domicile in Europe in terms of numbers of captives and is fourth in the world based on premiums written.

With its robust yet pragmatic regulatory environment, the island has built a wealth of experience and expertise in providing management and administration of captives.

The Island’s insurance sector writes significant amounts of business in: employers/public liability, material damage/business interruption, motor, property damage and business interruption, transport and life insurance.

The local representative body is the Guernsey Insurance Companies Management Association (GICMA).

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