Financial Market Regulatory Project: Alberta’s Entry into the Captive Insurance Market
8:00 a.m. – 10:00 a.m. (MST)
For more information contact: sppcomm@ucalgary.ca
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Financial Market Regulatory Project: Alberta’s Entry into the Captive Insurance Market
The Captive Insurance Companies Act, formerly Bill 76, was introduced by the government of Alberta in October 2021 and passed in December 2021. The Act enables entities to establish their own insurance company, called a captive insurer. Its primary purpose is to insure the risks of its owners, and its insureds can often benefit from the captive insurer’s underwriting profits through dividends, lower premiums, and/or broader insurance coverage.
Any business sector with risks, including non-profits and governments may be able to benefit from the use of a captive depending on their specific risk-financing and insurance needs. While the cost savings captives can provide are beneficial, national or multilateral tax policies can impact the viability of captive insurance structures.
Join Jack Mintz and L. Daniel Wilson for a hybrid conversation with Anne Kleffner, Erik Johnson, and Michael Dolson as they present new research on captive insurance. After the presentations, there will be a roundtable discussion about issues and opportunities with Alberta’s new captive insurance program with the authors and representatives of the insurance industry and the Government of Alberta.
This discussion forum will include a summary presentation of two recently-published Alberta Financial Research Partnership papers:
- Anne Kleffner, Chair in Insurance and Risk Management, Haskayne School of Business, and Erik Johnson, Incoming Active Underwriter at MIC Global – “ Alberta: Considerations in Establishing a New Captive Jurisdiction”
- Michael Dolson, Partner, Felesky Flynn LLP – “ Tax Policy Issues Relevant to Captive Insurance Companies in Alberta”
Friday, November 18, 2022
8:00 a.m. In-person registration and refreshments
8:30 a.m. Presentations
9:30 a.m. Audience Q&A
10:00 a.m. Program concludes
The conversation will take place at The School of Public Policy, 906 8th Ave SW, Calgary Alberta. You are welcome to join us in-person on online. Please select your preference below:
Register for the In Person session here
Register for the Online session here
The Research Partnership is a multi-year collaboration between Alberta Treasury Board and Finance and the Financial Markets Regulation Program of the School of Public Policy, created for the purpose of identifying and executing research projects focused on expanding Alberta’s financial sector as part of the province’s economic diversification strategy. Additional funding for the Research Partnership has also been generously provided by Power Corp. The Financial Sector Research Partnership initiative is chaired by Dr. Jack Mintz, President’s Fellow at The School of Public Policy and Special Advisor to the President of the University of Calgary, and managed by Dr. L. Daniel Wilson, Scientific Director.