Background: Mauritius offers an attractive and stable environment for captive insurance companies. Captive insurance entities have become a preferred vehicle for companies to manage their annual premium payments with sustained and continued growth over the past decade.
The Captive Insurance Act was passed in 2015 with the aim of making Mauritius a captive domicile of choice and to introduce a new framework in line with international best practices which is equally competitive and will attract pure captive insurance corporations from around the world. Permissible classes of captive insurance business under the Captive Insurance Act are insurance or reinsurance pertaining to general insurance business, Alternative Risk Transfer policy contracts or any other class or type of insurance business as may be prescribed. At present, the Captive Insurance Act only caters for pure captive insurance business, i.e. the business of undertaking liability restricted exclusively to the risks of the parent and affiliated corporations.
This webinar focuses on maintaining a regulatory system that attracts quality insurance business to Mauritius, safeguards the solvency of captive insurers and aims to shed light on the practical implications of the ongoing initiatives on the Captive Insurance Business.
In this webinar, we will hear from expert speakers who will elaborate on:
The Captive Insurance Framework
Authorization and Supervision processes of Captive Insurance
Experience from licensees
Find out more about this event on our website: https://www.zyen.com/events/all-events/mauritius-offers-an-attractive-and-stable-environment-for-captive-insurance-companies/
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Speakers:
Agenda:
10:00 - 10:05 BST - Welcome and Introduction, Hugh Morris, Senior Research Partner, Z/Yen Group
10:05 - 10:15 BST - Keynote Address, Mr Dhanesswurnath Thakoor, Chief Executive, Financial Services Commission Mauritius (FSC)
10:15 - 10:30 BST - Overview of the Captive Insurance Framework, Mr Aakash Mishra, Assistant Director, FSC
10:30 - 10:45 BST - Authorisation Process, Mr Kamalsing Burun, Assistant Director, FSC
10:45 - 10:55 BST - Share Experience on Captive Insurance Market, Mr Kabir Ruhee, CEO, Rogers Capital Captive Insurance Management Services Ltd (RCCIMS)
10:55 - 11:05 BST - Share Experience on Captive Insurance Market, Dr Chakanyuka Goodman, Executive Credit Risk Management, TDB Captive Insurance Company (TCI)
11:05 - 11:15 BST - Share Experience as Pure Captive Insurer, Mr David Too Sai Voon, Director, ProtectSure Captive Insurance Company Ltd
11:15 - 11:30 BST - Q&A and Concluding Remarks, Hugh Morris, Senior Research Partner, Z/Yen Group
