Home >
News

4th of February 2012

India and China hold captive potential

Katy Mughan 11/08/2010

India and China hold future potential for captive insurance business, according to promotional body Guernsey Finance.

Guernsey delegations will visit India and China in the autumn to enhance financial services links between the jurisdictions, focusing primarily on fund-management and wealth-management business.

Peter Niven, chief executive of Guernsey Finance (pictured), said that although captive insurance business in the emerging markets is not something the body is currently looking at, it “might be an opportunity for the future”.

However, Niven was positive about the potential for using Guernsey protected cell companies or SPVs for investment business or insurance linked securities, by targeting lawyers and accountants in India and China.

“They are the intermediaries and introducers of business, and through them, we can gain access to high net-worth private clients,” he said.

Niven said the development of a captive insurance base in India and China will take some years. “The knowledge in the local market in China of captive insurance is not huge and therefore there is a big education push needed that will take some time,” he said.

Carla McNulty Bauer, Minister for the Commerce and Employment Department within the Guernsey Government, will lead a delegation to Delhi and Mumbai in October and Chief Minister Lyndon Trott will lead a delegation to Beijing and Shanghai at the beginning of November.

Tags: China, Guernsey, Guernsey Finance, India, Peter Niven

Email
Print
Share
Text Size Decrease text size Increase text size

Be the first to comment on this article!

Cid
Cell
Company
Guide
Company &
Ratings
Search

Captive Insurance Database (CID) is the world's leading and most comprehensive online source of captive market intelligence.

CID gives users instant access to the names of parent companies who currently own a captive. It also gives you the captive name, manager, license date and the type of captive the parent company are running. Uniquely CID also contains vital contact information on captive owners and sponsors. This can be used to chase after new business or simply to get a better grasp of the market

CID will start helping you in,

•    Winning more business proactively – Search from 5,292 captives and over 3,000 captive owners who you can offer your services to.
•    Increasing profit and efficiency – Target specific captive owners and sponsors quicker, saving you time.
•    Building relationships – Detailed contact information for each decision-maker

An annual CID license costs just £1,195 + VAT.

Already a CID user? LOGIN to the database here.

Order a 2 year subscription and SAVE 25%
The license includes full online access to CID and a free annual hardcopy of CID (worth £610) . To find out more contact Ryan Nash on +44 (0) 20 7029 4065 or r.nash@pageantmedia.com

Company and Ratings Search

Search A.M. Best's extensive database of life/health, property/casualty and insurance companies worldwide.

Cell Company Guide

WELCOME TO THE Captive Review Cell Company Handbook 2009 – the second edition of our global directory of cell company jurisdictions. Since we last published this directory, the general attitude toward cell companies seems to have shifted up a gear. Whereas single-parent companies have long ruled the captive roost, a slight uptick in the formation of pure captives at the beginning of this year can’t hide the fact that growth in this market is still sluggish.

Pellentesque feugiat arcu vitae lacus elementum in ullamcorper diam pulvinar. In odio massa, facilisis sed dignissim vel, vehicula ac diam. Curabitur tempor, quam nec aliquam tempus, dui lorem venenatis arcu

Mauris accumsan orci ut turpis placerat condimentum. Ut sit amet lobortis purus. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos.

CID