For Immediate Release:
June 26, 2024
Oklahoma Insurance Department Announces Inaugural OK Captive Day
OKLAHOMA CITY – The Oklahoma Insurance Department (OID) is excited to host the inaugural OK Captive Day on Tuesday, August 20, 2024, at the Embassy Suites Oklahoma City Downtown Medical Center. This event aims to educate key industries in Oklahoma about the Oklahoma Captive domicile and the benefits of a captive insurance company.
A captive insurance company is a type of self-insurance that provides coverage for the risks of a parent company or related entities. Recently, the number of captive insurance companies in Oklahoma has increased to an all-time high and continued future growth is projected for the state.
OK Captive Day presents an opportunity for prospective and current captive owners, risk managers, industry experts and regulators to connect, learn, and collaborate. The event will feature informative sessions, panel discussions, and networking opportunities.
“The development of our captive insurance program has been one of my top priorities since taking office,” Oklahoma Insurance Commissioner Glen Mulready said. “During a hard-market, captives can be a key solution for many Oklahoma businesses, and we want to continue our momentum after adding more than $100 million in captive insurance premium over the past year.”
“Captive insurance provides Oklahoma’s companies the opportunities to transfer risk in a cost-effective and efficient manner,” said Steve Kinion, Oklahoma Insurance Department Captive Insurance Director. “We want to host this state-based event to continue informative conversations between regulators and industry professionals so Oklahoma will continue to be the domicile of choice.”
Registration for OK Captive Day is now open, with limited availability for the first 250 participants. Once this limit is reached, registration will close. You can register at oid.ok.gov/okcaptiveday.
For questions regarding OK Captive Day, please email us at oid.events@oid.ok.gov. Follow OID and #OKCaptiveDay on social media to stay informed about the event.