The 2025 Captive Insurance Companies Association (CICA) Annual Conference brought together professionals from across the risk management industry to explore emerging trends and challenges. Held in Tucson, Arizona, this year’s event featured thought-provoking discussions on regulatory updates, emerging risks, and innovative solutions. Below are the key themes that shaped the agenda.

1. Regulatory and Tax Updates

Regulatory changes continue to be a significant concern for captive owners. With the new administration and shifting regulations, staying up to date is critical for ensuring compliance and mitigating risks. Notable compliance-focused sessions included:

– “IRS Audits – Now and the Future”: This session examined the evolving landscape of IRS audits and the impact on captive owners, providing insights into anticipated changes.

– “What’s New / What’s Hot / What’s Not – Tax News You Need”: Presenters explored the latest tax updates that affect captive insurance structures, with a special focus on M&A implications.

2. Emerging Risks: Climate Change and Sustainability

As the world grapples with climate-related challenges, captives are increasingly seen as vital tools for managing environmental risks. This year’s conference addressed how captives can integrate climate resilience into their risk management strategies. Some notable sessions include:

– “Advancing Climate Resilience: Integrating Parametric Insurance and Carbon Credits in Captive Programs”: Spring’s Chief P&C Actuary, Peter Johnson, alongside a representative from the State of Connecticut and CEO of Ryskex, discussed how captives are incorporating parametric insurance and carbon credits to address climate risks.

– “Intersection of Climate Risk and Captives”: This presentation examined the growing intersection of climate change and captive insurance, exploring how captives are playing a role in mitigating climate-related risks.

3. Innovative Technologies in Captives

Technological advancements are revolutionizing captives, enhancing risk management, claims handling, and overall operational efficiency. Technology continues to be a key driver for the future of the industry. Several sessions focused on innovative technology being used in the industry:

– “Future-Ready Risk Control: AI in the Captive Landscape”: This session explored the role of artificial intelligence in transforming risk control within captives, offering a glimpse into how AI will shape the future.

– “Optimizing Captive Management through Best Practices”: Speakers focused on utilizing technology and innovative practices to optimize captive operations. This session provided actionable insights for improving efficiency.

4. NextGen and Diversity in Captive Insurance

The future of the captive industry depends on cultivating a diverse and dynamic workforce. CICA’s commitment to engaging young professionals and promoting diversity was evident throughout the conference. Here are some presentations I thought best highlighted the importance of prioritizing diversity and ensuring the long-term success of the industry.

– “Diversify Your Team, Multiply Your Innovation”: This session highlighted the importance of diversity in driving innovation within captive programs and provided strategies for building inclusive teams.

– “Amplify Women and NEXTGen Networking Luncheon”: A key networking event designed to connect young professionals with industry leaders, providing mentorship and career development opportunities.

As always, the CICA Annual Conference provided a valuable platform for networking, learning, and sharing ideas within the captive insurance community. It was a privilege to engage with so many passionate professionals dedicated to driving innovation and shaping the future of captives. From navigating regulatory complexities and embracing new technologies to addressing emerging risks and fostering diversity, this year’s discussions showcased the dynamic nature of the captive landscape.

As we look ahead, we remain committed to staying at the forefront of these evolving trends and delivering forward-thinking solutions to our clients. We look forward to continuing these conversations and seeing what next year’s CICA conference will bring.