New Zealand As A Captive Insurance Domicile
New Zealand has recently enacted new insurance legislation.
There are 9 captive companies already domiciled in NZ, all subsidiary companies to NZ owned corporations.
What is a Captive Insurance Company?
It’s a way of self-insuring instead of paying an insurer to manage your risk. All sorts of large companies use captive insurance arrangements – they save money, administration and time.
Why New Zealand?
NZ is not just a beautiful country! We have a regulated environment for captive insurance companies, an established and well operated insurance industry and a number of international insurance broking firms who can assist you to set up your captive.
Facts about New Zealand
Area: 269,000 sq kilometres
Population: 4.47 million
Capital City: Wellington
People: 74% European, 15% Maori and Polynesian
Languages: English and Maori
GDP: $165 billion
Geographical 1,600 km south east of Australia
Workforce: Highly educated
Tax Treaties : Yes ( 26 countries)
We recently met with the Reserve Bank to discuss the upcoming review of the Insurance Prudential Supervision Act.