The Cayman Islands:
An International Financial Centre
The Cayman Islands has, over the past four decades, established itself as a respected international financial centre, providing finance structures that enable efficient global flow of capital, based on a platform of English Common Law, transparency, and strong infrastructure.
Use of Cayman structures, such as captive insurance companies, creates wealth everywhere, for example by enabling companies to provide lower cost insurance, or to insure against events that the commercial market considers uninsurable.
The Cayman Islands is committed to providing a stable, responsible and responsive business environment and does not condone money laundering, tax evasion or any other criminal activity. Cayman has not only complied with all international regulatory initiatives, becoming a standard- setter in its own right for the adaptation and implementation of programmes designed to halt these types of activities, but has been and remains an active participant in the discussions around the development of these regulations.
Since 1979 when the Insurance Law was first passed in the Cayman Islands, this jurisdiction has become a major centre for international insurance business. The Cayman Islands is the second largest domicile for captives and holds the number one position worldwide for healthcare captives.
About Cayman International Insurance
From captives to reinsurance and insurance linked securities, the Cayman Islands is the jurisdiction of choice for successful international insurance business and Cayman International Insurance is the industry association and support centre to maximise your investment.
Since 1994, the Insurance Managers Association of Cayman (IMAC) has represented insurance managers, captive insurance companies and service providers, acting as a vital link between the industry, government and regulator in the Cayman Islands.
World Leading Insurance Services
As the international insurance business has evolved over the years, the Cayman Islands has demonstrated leadership in the captive market, becoming the number one domicile worldwide for healthcare captives, it has also developed into a centre of excellence for reinsurance and ILS operations.
Today, Cayman International Insurance brings the insurance sector together in the Cayman Islands, supporting the interests of all market participants and working to maintain Cayman’s pre-eminence in the insurance industry.
The Insurance Managers Association of Cayman – represents the international insurance industry in the Cayman Islands. We liaise with government and the regulator on the industry’s behalf to ensure our members’ interests are at the forefront of any discussion.
We know the Cayman Islands is a jurisdiction of choice for captive insurance companies and reinsurers worldwide for many reasons. IMAC works to make sure that continues, by being responsive to market demand and encouraging innovative new legislation.
We achieve these goals by demonstrating how the deep, collective experience in our industry, which has served captive insurance companies for over 40-years, has created the ideal location for your captive.
We promote innovation and international competitiveness to maintain Cayman’s advantageous market position and with a particular focus on education and integrity, we aim for continued growth.
The executive committee is supported by hard-working sub-committees. Click here to find out more about what they do.
Attending international conferences and engaging with media to highlight the strengths and opportunities of Cayman as a captive domicile.
Cayman Captive Forum
We host the world’s largest captive insurance conference, which has been held annually since 1993. Read more about the Forum here.
Legislative and Regulatory
By providing input and insight into new laws and regulations, our industry meets the evolving needs of our international clients.
Education and Scholarships
Providing regular on island and online educational training sessions and webinars for members to keep up to date on evolving regulatory matters and industry best practices. See Events and Literature (for Webinar Archives).
Since 1994 our scholarship program has sent Caymanian students to university each year, who otherwise would not have the chance. See Scholarship Fund.
IMAC is committed to protecting your privacy and maintaining the security of any personal information we receive from you. This Privacy Statement explains what personal information we collect and how we use it. The information we collect is used to operate and maintain our website, send you our publications, event information as well as marketing communications.
Your Personal Data
Information shared with third parties
Right to access
Right to object
Legal Information - Copyright Notice
Responsibility and Liability
Other than the information you provide to us voluntarily, we collect no other personal data. We will not collect more personal data than is necessary for keeping in touch and our website does not record any personal data.
We do not transfer your personal data or share it with anyone else unless we are compelled to do so by law or a court order.
We aim to ensure that any personal data we hold is as accurate as possible. Please let us know immediately if there any changes to your information or if you become aware that the information that we hold is incorrect. You may contact us to find out what, if any, personal data we hold about you, and ask us to correct or update this data.
If at any time you would prefer not to receive our publications, event information or marketing communications, please let us know or use the ‘unsubscribe’ option included in all our email communication.
We are committed to keeping your personal data and records confidential. Your personal data will only be handled by employees and consultants of this company who have the integrity to keep your personal data confidential and will use your data only for the purpose for which it was collected. Each staff member has their own password to log in to their own email account.
No method of electronic transmission or storage is 100% secure and, therefore, we cannot guarantee its absolute security.
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The on this website may not be reproduced, distributed or transmitted to any other persons in any form or by any means or used to make any derivative work without prior written permission from IMAC, nor may it in any way be exploited in whole or in part. For the avoidance of doubt, framing of this site or any part of it is not permitted without our express permission. Where no specific restrictions are displayed, you may make hard copies of limited portions of the Site for personal use only, provided that any legal notices, disclaimers and copyright, trademark or other proprietary rights notices are not removed.
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IMAC accepts no responsibility or liability for any reliance placed by any person on any information on this website and does not represent that the information selected for this website is comprehensive, complete, verified or accurate. The information on this website is subject to change and is not provided for any specific or generally described purpose and does not constitute legal, regulatory, credit, financial or other professional advice. The information and opinions contained on this Site are provided without any warranty of any kind, express or implied.