Formation of a Vanuatu Captive Insurance Company
Insurance companies in Vanuatu are formed in accordance with, and regulated by, the Insurance Act [CAP.82] (“the Act”). The Act requires the registration of all insurers, underwriters, agents or brokers carrying on insurance business within or from within Vanuatu. A company may be registered as a “local”, “external” or “exempted” insurer.
The Vanuatu Government is currently reviewing the existing insurance legislation with a view to introducing a new Act later this year. Needless to say, we are keeping a close eye on proceedings. We suggest that clients with an interest in this subject may wish to delay an actual application until we can be confident that the overriding guidelines will remain relatively unchanged. We suggest that you bookmark this page and it check regularly, or you can register your interest with us.