“There are many captive insurances abroad, but in France, there are only 5 in total, including only one direct captive insurance created in 1991. For 25 years, the French Prudential Control and Resolution Authority (ACPR), which regulates the banking and insurance sectors, has not given any approval for the creation of a captive insurance company in France. Little by little, the companies gave up operating in France…
Yet captives are an effective response to the tightening of the insurance market since the 1970s, which has been mainly linked to civil liability insurance for production companies.”
