OK | Oklahoma’s captive insurance program proudly announces yet another triumphant year of growth, marking 2023 as a milestone in its continuous success story. The Oklahoma Insurance Department (OID) reports a remarkable 31% net gain in licensed captive insurers for the year ending December 31, 2023.
During 2023, the OID issued 20 new licenses, with six dissolutions, resulting in a net gain of 14 new captive insurers. This significant achievement brings Oklahoma’s total captive insurers to 59, reinforcing the state’s position as a thriving hub for captive insurance activities.