Captive Review Reports on Blockchain and Captive Insurance Working Group in Vermont

Captive Review, a London-based news publication focused on the captive insurance industry, provided an in-depth look at a collaboration between the Distributed Ledger Governance Association (DLGA) and the Vermont Captive Insurance Association (VCIA). The publication previously reported on DLGA’s creation of a captive insurance working group, which is aimed at bringing together a variety of stockholders — including captive insurers, blockchain companies, and entrepreneurs — to drive blockchain opportunities and activity both inside and outside Vermont.

Captive Review spoke with members of the working group and viewed a recent strategy document, providing greater detail on the working group’s goals, such as using blockchain in the captive industry to allow coverage of “uninsurable” risks, create faster contracting processes, and create opportunities in the insurance market for risk-takers that aren’t currently a part of it.

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