- Whether the captive is to write direct or provide reinsurance
- The regulatory environment including the sophistication and reputation of the regulators for example – Solvency II¸ regulators response time
- Costs of creating and running the captive
- Minimum capitalization requirements – can vary widely from £100¸000 to £3m
- Taxes (local premium tax¸ federal excise tax¸ double tax treaties)
- Investment restrictions on the captive’s surplus
- Type of cover to be offered (whether a particular domicile offers unique advantages regarding a particular type of cover)
- Convenience – ease of travel¸ time zone.
The ultimate decision should be based on the parent company’s overall risk management objectives and the direction it wishes the captive to take and also how comfortable a parent feels with respect to the overall regulatory approach of a particular domicile.
To read more about the captives¸ visit our section Captive Insurance in Malta.
AND GUESS WHAT? MALTA APPEARS LIKE ONE OF THE BEST PLACE!
A recent article of the ‘’Time Of Malta’’ talked of PKF MALTA and his implication in the captive insurance. During a conference in London¸ Captive Live UK conference¸ PKF Malta and Risk Management Service (M