What Does Captive Insurance Companies Association Mean?
The Captive Insurance Companies Association is an organization that is centered around advancing the education, networking, and skills of insurance professionals in the captive insurance industry. It is also geared toward helping people who are interested in, but who are not yet captive insurance professionals. It is one of the leading resources for people in the captive insurance industry.
Insuranceopedia Explains Captive Insurance Companies Association
The Captive Insurance Companies Association, or CICA, as it is also referred to, is not bound to a certain region or company. Instead, it has a wide reach across many areas. However, CICA has a heavy presence in both Bermuda and Vermont. CICA was created in 1972. CICA provides an award called the CICA Distinguished Service Award. This award is given to the insurance professional who makes an outstanding contribution to the captive insurance industry and sets a great example for others to follow.