VCIA doubles down on member engagement and regulatory innovation, says Davis
The Vermont Captive Insurance Association (VCIA) has spent the past year sharpening its strategic focus around member engagement, advocacy and education as it looks to reinforce Vermont's position as the leading captive insurance domicile, according to president Ian Davis (pictured).
Speaking to Captive International one year after taking the helm of the association, Davis said VCIA has aligned its staff, board and membership around three strategic pillars designed to deliver greater year-round value to captive owners and service providers. While acknowledging that some initiatives have progressed more quickly than others, he said the association has established a stronger foundation for long-term growth.
A central priority has been increasing member engagement and ensuring feedback directly informs the association's activities. Davis said member input has shaped changes to conference programming, advocacy priorities and educational offerings. Building on that approach, VCIA will launch an annual benchmarking survey in September in partnership with the Vermont Department of Financial Regulation and the Agency of Commerce and Community Development. The survey will assess member perceptions of the association, Vermont's regulatory environment and the state's competitiveness relative to other captive domiciles.
On the market outlook, Davis said emerging risks—including cyber, climate-related exposures, artificial intelligence and employee benefits—will continue to create opportunities for captive insurers, although he expects traditional lines such as property, general liability and workers' compensation to remain the core of most captive programmes.
He also cautioned against complacency as competition between domiciles continues to intensify. Vermont's long-established reputation remains an advantage, he said, but maintaining market leadership will depend on ongoing regulatory modernisation and close collaboration between the association, regulators and industry stakeholders to ensure the domicile remains responsive to evolving market needs.
Looking ahead, Davis said he expects continued growth in membership, engagement and conference participation to demonstrate that VCIA's strategy is gaining traction, while reinforcing the association's long-term objective of positioning Vermont for the next generation of captive insurance growth.
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