Search
Documentation Center

Captive insurer numbers set to grow in Europe as more jurisdictions seek to lure companies
Portada
MAP20230023600
Captive insurer numbers set to grow in Europe as more jurisdictions seek to lure companies. — Oldwick [etc.] : AM Best Company, 2023
10 p. . — (Best´s Market Segment Report)
Sumario: Growth within existing jurisdictions, and new domiciles coming online, are expected to drive an increase in European captive numbers in 2023 and beyond. The hard commercial insurance market continues to drive corporates to consider captive insurance opportunities. However outward reinsurance for captives remains restricted by price and capacity. AM Best expects the 2024 renewals to remain challenging. Solvency II amendments, expected yo come into force from January 2026, should lead to a more streamlined, proportionate, and risk-based prudential proccess for European Union-domiciled captive entities. Also, levels of preparedness for IFRS 17 vary among captives, according to AM Best´s observations. — Ámbito geográfico: Europeo
1. Mercado de seguros ‌. 2. Seguro de caución ‌. 3. Compañías cautivas ‌. 4. Reaseguro ‌. 5. IFRS 17 ‌. 6. Perspectivas del seguro ‌. 7. Evolución del seguro ‌. I. A.M. Best Company ‌. II. Title.