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Cyber insurance market to attract $14bn by 2022


The cyber insurance market will attract $14 billion by 2022, according to research by Valuates, driven by increased take-up in Asia in particular.

Captives sector must ensure its data is accurate, relevant – and secure


The captives industry must to more to ensure the data it collects and uses is accurate and secure – both for its own accuracy and understanding of the business and because of regulatory requirements.

Captive insurers in Bermuda generate $174m a year

Bermuda15-09-2017Insurance, Reinsurance

The captive insurance industry in Bermuda contributes around $174 million every year to the island’s economy, according to research conducted by PwC for the Bermuda Insurance Management Association (BIMA).

PwC outlines five priorities to maximise success of Guernsey re/insurance

Europe, Guernsey, UK16-12-2016Insurance, Reinsurance

PwC has released a report outlining the five highest priority recommendations for the Guernsey re/insurance market.

Advisers to small captives must declare certain transactions to IRS

North America21-11-2016Insurance, Reinsurance

Taxpayers associated with captive insurers that claim the benefit of Section 831(b), which allows non-life insurers with less than $1.2 million in written premiums ($2.2 million in 2017) to elect to be taxed only on their taxable investment income, should consider whether the Internal Revenue Service (IRS) notice also applies to them, according to a PwC report.

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Captive International