The Problem
As the global insurance market continues to harden, organizations are increasingly facing multiple challenges:
Limited Coverages
Coverage options for new policies are more limited, and insurers are reducing or eliminating certain coverages on renewal.
Denied Claims
Insurers are increasingly denying claims. Business interruption claims due to COVID-19 are an example.
Solution
The Solution
An online insurance marketplace where groups and associations can easily and cost effectively setup their own captive insurance company to provide customized coverages to their members while participating in the profitability of the underlying insurance program.
Broader Coverage
A captive may be able to provide coverages where the conventional market is unwilling or unable to for certain risks.
Lower Premiums
With a good loss ratio, the captive has the potential to reduce or at least stabilize the price of coverage.
Customized Coverages
A captive has complete freedom to insure any risk it chooses and to customize the terms and conditions of its policies.
Improved Claims Handling
A captive is also able to establish its own claims handling policies and procedures.
About
Find Out More About Us
Captive8 was created out of the need to reduce the cost and complexity of captive insurance for small to medium sized organizations.
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Who We Are
We specialize in the setup of captive insurance companies for associations and groups. "Association" or "group" captives are insurance companies that are owned and managed by multiple non-related organizations. Among other things, they offer the opportunity for members of a group or association to participate in the profitability of their own insurance program.
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Vision
To give small and medium sized businesses the opportunity to participate in the profitability of their own insurance programs while simultaneously having more control over claims and underwriting.
Shafeen Mawani
CEO & President, Fortress Insurance
Fortress has a long-standing goal to collaborate with, and explore, new insurance product niches and insurance programs. The concept and technological framework of Captive8 is something new and exciting and we're happy to explore this adventure with their team.
Barrie McWha
Partner, Wedgewood Golf Management
I am excited to work with this team on a project that is exciting for both golfers and golf courses. Today we can offer contests that will attract people to the game, and benefit golf courses everywhere.”
James Clay
CEO, J.T. Insurance
Captive8 offers brokers an innovative tool to deliver customized insurance solutions to their clients while maintaining control and transparency.
Adam Niman
Niman Financial Inc. and Co-Founder of Kibono Inc.
Captive8’s smart contract technology brings transparency and efficiency to investing in captives' capital reserves, offering secure management and confidence.
Marjan Madani
Co-Founder, Marjan Davinci Laser & Cosmetic
Captive8's innovative platform brings a new level of efficiency and control to the insurance process, making it easier for businesses like ours to explore tailored risk management solutions while focusing on growth and client satisfaction.
Products
First Products
The first products on Captive8 include a portfolio of coverages.
- All
- Prize Indemnity
- Property
- Credit
- Weather
F.A.Q
Frequently Asked Questions
These FAQs address some of the most common questions about our platform.
- What is a captive?
A Captive insurance company (“Captive”) is a specialized private insurer that is usually setup to provide coverage for a specific risk. Captives accept premiums that would normally have been paid to a regular insurer. If the claims paid are less than the premium collected, the captive makes a profit, just as a regular insurance company would. The difference is that the Captive owner benefits, not the regular insurer.
- Are captives used by many organizations?
Captives make up 2% to 3% of the commercial insurance market and have been growing steadily in popularity since the 1960’s when the first captives were being formed in Bermuda. Today, Captives are a fixture among Fortune 1000 companies. Many smaller companies and even groups of individuals also use Captives. Competition has driven down captive formation and operational costs to the point where Captives have become a realistic option for even relatively small organizations.
- What are group and association captives?
Association Captives are setup to insure the risks of its members. An example of such an association could be a condominium homeowners association, whose members are the Stratas. Group Captives are like Association Captives and are made up of a collection of like-minded organizations that band together to form an insurance facility that retains some risk but spreads the risk of unanticipated losses among each other, thereby diminishing the impact of a bad loss year for one or more of its members.
- I'm a small business owner, can I setup a captive on your platform?
Individual businesses can't setup their own captive on our plaform, but the groups or associations that represent them can.
- Why should my company join a group or association captive?
The insurance marketplace commonly goes through its “hard” and “soft” cycles where premium fluctuations have little relation to individual loss experience. These swings can be avoided by joining with other like-minded, successful companies to create your own group or association captive insurance company, making your costs more predictable and stable. In this way, you can lower your costs and earn investment income — both benefits you won’t receive from a traditional insurance company.
- I'm an industry association, how do I get started?
Simply contact us and we'll go through the process of setting up a captive on our platform to provide insurance coverage to your members.
Recent News
Captive News
Stay up-to-date with the latest developments and insights in captive insurance.
BoE Vows To Make Captive Insurance Regime Competitive
Publication Date: 11/12/2025 4:00:00 PM BoE Vows To Make Captive Insurance Regime Competitive: The Bank of England pledged to enhance the new captive insurance company regime to ensure it remains competitive on a global scale. This announcement was m...
Published on: Nov 12, 2025
France records highest captive growth in Europe
Publication Date: 11/12/2025 2:00:00 PM France records highest captive growth in Europe: France experienced the highest captive growth in Europe, as reported by AM Best. In 2024, France recorded the largest net increase in captives, attributed to its...
Published on: Nov 12, 2025
Best's Market Segment Report: Europe’s Insurance Captives Prove Themselves to Be a Cost-Effective Risk Management Tool
Publication Date: 11/12/2025 8:00:00 AM Best's Market Segment Report: Europe’s Insurance Captives Prove Themselves to Be a Cost-Effective Risk Management Tool: The Best's Market Segment Report reveals that Europe's insurance captives are proving to b...
Published on: Nov 12, 2025
Best's Market Segment Report: Europe’s Insurance Captives Prove Themselves to Be a Cost-Effective Risk Management Tool
Publication Date: 11/12/2025 7:58:33 AM Best's Market Segment Report: Europe’s Insurance Captives Prove Themselves to Be a Cost-Effective Risk Management Tool: AM Best's report notes a shift in the European insurance captive landscape due to new regu...
Published on: Nov 12, 2025
Captive Insurers, Take Note: Jurisdiction Isn’t Just About Where You’re Based
Publication Date: 11/11/2025 9:56:06 PM Captive Insurers, Take Note: Jurisdiction Isn’t Just About Where You’re Based: Captive Insurers, Take Note: Jurisdiction Isn’t Just About Where You’re Based
Rachel E. Hudgins and Andrew S. Koelz discuss how ca...
Published on: Nov 11, 2025
Abusing the Captive Framework: How Estate Planning Schemes Continue to Threaten the Industry
Publication Date: 11/11/2025 3:29:33 PM Abusing the Captive Framework: How Estate Planning Schemes Continue to Threaten the Industry: On August 15, 2025, the U.S. Tax Court ruled in the Kadau v. Commissioner case, underscoring issues within the capti...
Published on: Nov 11, 2025
AM Best Affirms Credit Ratings of Ørsted Insurance A/S
Publication Date: 11/11/2025 2:54:33 PM AM Best Affirms Credit Ratings of Ørsted Insurance A/S: AM Best affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for Ørsted Insurance A/S (ORIA...
Published on: Nov 11, 2025
Dean Spense
Publication Date: 11/11/2025 3:53:18 AM Dean Spense: The Vanuatu National Provident Fund (VNPF) is leveraging a new captive insurance model to enhance social protection in the Pacific. Dean Spense, CEO of Vanuatu Captive Insurance Services, details t...
Published on: Nov 11, 2025
How the tax court’s risk distribution analysis misapplies the law of large numbers
Publication Date: 11/11/2025 1:52:37 AM How the tax court’s risk distribution analysis misapplies the law of large numbers: The US tax court's approach to risk distribution is fundamentally flawed due to its misapplication of the Law of Large Numbers...
Published on: Nov 11, 2025
Amplify Women Panel
Publication Date: 11/10/2025 9:35:09 PM Amplify Women Panel: The Captive Insurance Companies Association (CICA) formed the 'Amplify Women' task force to address the lack of women in senior roles within the captive insurance industry. The initiative,...
Published on: Nov 10, 2025
Team
Our Team
Our team consists of leaders in insurance, technology and investment.