Hawaii Captive Insurance Council

What Hawaii Captive Insurance Council does

The Hawaii Captive Insurance Council (HCIC) is a private non-profit trade association established in 1987 in partnership with the State of Hawaii Insurance Division to unify and support captive insurance owners, regulators, legislators, and service providers. The organization's core function is to promote Hawaii as a premier captive insurance domicile, currently supporting a portfolio of approximately 269-272 active captives with nearly $27 billion in total assets (FY2017) and over $10 billion in premiums written (2018). HCIC operates no proprietary technology platform; its offerings are membership services, educational events, and information resources, including the flagship Annual Educational Forum (450 attendees in 2025), Japan Seminars held for over two decades across Tokyo, Osaka, and Nagoya, regional roadshows (PNW, NorCal, SoCal), the Risk-Topics Zoom-Cast webinar series, a service provider directory, and a captive law guide covering five regulatory classes under Article 19 of Hawaii Revised Statutes.

HCIC's revenue is generated through three primary streams: annual membership dues (Captive Owner $500, Non-domicile Captive Owner $600, Service Provider $1,050, Honorary free), event registration fees for the annual forum and seminars, and corporate sponsorships. The organization maintains a 1-10 employee base in Honolulu and is governed by a Board of Directors composed of senior executives from captive-owning enterprises (Kaiser Permanente, Stanford Medicine, Sutter Health, Recology, Webcor) and leading service providers (Aon, Brown & Brown, Hylant, KMH LLP, AIG, Bank of Hawaii, First Hawaiian Bank). HCIC's strategic positioning emphasizes Hawaii's regulatory depth, proactive regulator partnership, competitive premium tax structure (capped at $200K, no state taxes on captives), bilingual service provider workforce serving Japanese-owned captives (32 entities, >14% of portfolio), and Pacific time-zone advantage for trans-Pacific captive business.

Name

Hawaii Captive Insurance Council

Legal name

Hawaii Captive Insurance Council

Website

https://hawaiicaptives.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

51–100 employees

Short description

HCIC is a 1987-founded non-profit trade association that promotes Hawaii as a leading captive insurance domicile by uniting captive owners, regulators, and service providers through its annual forum, Japan seminars, regional roadshows, and member services.

Ownership category

akta.pro rank

Product category

Captive Insurance Trade Association

NAICS

Direct Health and Medical Insurance Carriers (524114)

SIC

Insurance Agents, Brokers & Service (6411), Services-Membership Organizations (8600)

akta.pro primary industry

Captive Insurance Advisory & Management (FSAEADAF)

akta.pro secondary industries

Stop-Loss & Reinsurance Administration (Captive/Level-Funded Support) (HLAEALAB), Reinsurance Pool / Facility Treaty Participation (FSAOAEAL)

Keywords

• Captive insurance domicile
• Industry trade association
• Alternative risk financing
• Captive insurance education
• Membership association services

Headquarters

HQ city

Honolulu

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Membership Dues: Annual membership dues from captive owners, service providers, and other industry participants provide the primary revenue stream for HCIC operations and member services.
2. Event Registration Fees: Revenue generated from annual forum registrations, educational seminars, and Japan seminars including sponsorship opportunities.
3. Sponsorships: Corporate sponsorships for the annual forum and various educational events throughout the year.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

The Hawaii Captive Insurance Council (HCIC) is a non-profit trade association that provides membership services, educational events, and advocacy to promote Hawaii as a premier captive insurance domicile. Its core offerings include a tiered membership program for captive owners and service providers, an annual multi-day educational forum, Japan seminars, regional roadshow events, and educational content/resources supporting the captive insurance industry.

Product overview

The Hawaii Captive Insurance Council (HCIC) operates as a membership-based industry association rather than a technology company. HCIC provides a portfolio of educational events, information resources, and member services designed to promote Hawaii as a premier captive insurance domicile. The core offerings include the Annual Educational Forum (3.5-4 day annual event), Japan Seminars (held for over two decades), and HCIC on the Road regional events. Supporting these are the Risk-Topics Zoom-Cast webinar series, comprehensive Captive Resources and FAQs, the Hawaii Captive Law Guide covering five regulatory classes, the Awards of Excellence recognition program, HCIC Membership Program with four membership tiers, and a Service Provider Directory. The organization unifies captive owners, regulators, legislators, and service providers under the Aloha spirit while facilitating alternative risk financing through education and networking.

Differentiator

Problem solved

Functional benefit

Products and services

• HCIC Membership Program Tiered annual membership program for captive insurance industry participants, including Captive Owner ($500/year), Non-domicile Captive Owner ($600/year), Service Provider ($1,050/year), and Honorary (no charge) categories. Benefits include voting privileges, eligibility to sit on the Board or Executive Committee, discounts on seminars and forums, education credits, captive directory listing, and access to legislative affairs participation.
• Annual Educational Forum HCIC's flagship multi-day annual event (3.5-4 days) held in Hawaii, featuring educational sessions, panel discussions, networking opportunities, and industry speakers. The forum enables discussions about regulatory oversight and trends in insurance market pricing, capacity, and access, with continuing education credits available to attendees.
• Japan Seminars Annual captive insurance seminars held in major Japanese cities (Tokyo, Osaka, Nagoya) for more than two decades, providing information and education to Japanese companies interested in captive insurance and promoting Hawaii as the premier domicile for Japanese-owned captives.
• HCIC on the Road Marketing and educational events held across the United States and overseas, including roadshows in regions like PNW, NorCal, and SoCal, designed to showcase Hawaii as a premier captive domicile and extend Hawaii's aloha spirit to the broader captive insurance community.

Quantifiable outcome

• No state taxes on captives; Premium tax rates capped at $200K
• +1 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• State of Hawaii Insurance DivisioncoreStrategic or Co-development Partner · 1 January 1987HCIC works in close partnership with the State of Hawaii Insurance Division, which regulates captive insurance companies under Chapter 431, Article 19 of Hawaii Revised Statutes. The partnership drives Hawaii's captive domicile strategy, regulatory oversight, and industry promotion.
• RIMS (Risk and Insurance Management Society)minorGTM or Marketing PartnerHCIC participates as exhibitors at RIMS annual conferences alongside the State of Hawaii to promote Hawaii as a captive insurance domicile and connect with risk management professionals.
• CICA (Captive Insurance Companies Association)minorGTM or Marketing PartnerHCIC participates in CICA annual conferences to promote Hawaii's captive domicile and provide educational opportunities for members.
• Captive.comminorGTM or Marketing PartnerListed as a resource for up-to-date news and information on captive domiciles, insurance ratings, conferences and industry happenings.
• ICCIE (International Center for Captive Insurance Education)minorStrategic or Co-development PartnerHCIC board member served on ICCIE board supporting development of captive insurance education programs and future industry talent.
• National Risk Retention Association (NRRA)minorGTM or Marketing PartnerListed as resource for information on Risk Retention Act-authorized group insurance programs and RRG captives.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• National Risk Retention Association (NRRA): NRRA is a US trade association for risk retention groups and RRG captives; HCIC lists NRRA as a partner resource and the two address overlapping captive and alternative risk-transfer audiences.
• Risk and Insurance Management Society (RIMS): RIMS is a global risk-management association whose members include many captive-owner candidates; HCIC partners with RIMS at conferences and both serve overlapping risk-management decision-makers.
• International Center for Captive Insurance Education (ICCIE): ICCIE provides captive-insurance-specific education and credentials; HCIC has board representation on ICCIE and both organizations collaborate on developing captive-insurance talent and curriculum.
• Self-Insurance Institute of America (SIIA): SIIA is a US trade association for the self-insurance/alternative risk transfer industry, overlapping with HCIC's captive-owner audience and offering conferences and education on self-insurance and group captive structures.

Direct peers

• Vermont Captive Insurance Association: Vermont is the largest US onshore captive domicile and VCIA serves the same function for Vermont-domiciled captives that HCIC serves for Hawaii - a state-level captive industry association promoting regulatory environment and member services.
• Captive Insurance Companies Association (CICA): CICA is the leading international trade association for captive insurers and the most direct peer to HCIC, providing captive-owner education, conferences, and advocacy at a global rather than state level.
• Bermuda Captive Network (Bermuda Business Development Agency): Bermuda is the world's largest offshore captive domicile and BDA/Bermuda Captive Network performs a domicile-promotion function for Bermuda-domiciled captives, directly competing with HCIC for captive formations.
• Cayman Captive Forum / Cayman Islands Monetary Authority: Cayman is another major offshore captive domicile with its own captive forum and regulatory promotion ecosystem, directly competing with HCIC for international (especially Asia-Pacific) captive formations.

Regional players

• Tennessee Captive Insurance Association: Tennessee is another active US onshore captive domicile with its own industry association promoting the state for captive formation, directly competing with HCIC for US-based captive owners.
• South Carolina Captive Insurance Association: South Carolina has emerged as a competing US onshore captive domicile; its association performs a similar state-level captive promotion function to HCIC in a different US geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@hawaiicaptives
• Xx.com/hawaiicaptives
• Facebookfacebook.com/HawaiiCaptiveInsuranceCouncil
• LinkedInlinkedin.com/company/hawaii-captive-insurance-council

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hawaii Captive Insurance Council