In 2023, Vermont was home to the largest number of captive insurance companies globally. Captives are special insurance companies set up in order to mitigate the risks of their parent companies. There were 659 captive insurance companies domiciled in Vermont in 2023.
Leading domiciles of global captive insurance companies from 2019 to 2023, by number of companies
According to the source, "a captive is a special type of insurance company set up by a parent company, trade association or group of companies to insure the risks of its owner or owners."
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Insurance Information Institute. (September 10, 2024). Leading domiciles of global captive insurance companies from 2019 to 2023, by number of companies [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/217535/leading-global-captive-domiciles/
Insurance Information Institute. "Leading domiciles of global captive insurance companies from 2019 to 2023, by number of companies." Chart. September 10, 2024. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/217535/leading-global-captive-domiciles/
Insurance Information Institute. (2024). Leading domiciles of global captive insurance companies from 2019 to 2023, by number of companies. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/217535/leading-global-captive-domiciles/
Insurance Information Institute. "Leading Domiciles of Global Captive Insurance Companies from 2019 to 2023, by Number of Companies." Statista, Statista Inc., 10 Sep 2024, https://www.statista.com/statistics/217535/leading-global-captive-domiciles/
Insurance Information Institute, Leading domiciles of global captive insurance companies from 2019 to 2023, by number of companies Statista, https://www.statista.com/statistics/217535/leading-global-captive-domiciles/ (last visited December 03, 2024)
Leading domiciles of global captive insurance companies from 2019 to 2023, by number of companies [Graph], Insurance Information Institute, September 10, 2024. [Online]. Available: https://www.statista.com/statistics/217535/leading-global-captive-domiciles/
