MIMA is the acronym for the Manx Insurance Managers Association and represents the interests of all Isle of Man authorised insurance managers and captive owners.
Mission statement: Promote and develop the Isle of Man as a quality domicile for captive and general insurance business.
The following six guiding principles help us measure the appropriateness of our commitment:
- Represent each member's interests
- Promote and develop the industry on a sound and prudent basis
- Create a better understanding of the industry by the public
- Consult on issues that affect the industry with the Isle of Man Government
- Work together with other local associations that have similar objectives
- Ensure the industry remains highly competitive.
The Isle of Man captive insurance industry contributes to the Island’s financial services sector in many ways including:
- 166 insurers with many owned by blue-chip companies
- £5 billion+ of funds managed
- £1 billion+ in annual premiums
- 100+ people directly employed and many more involved in supporting the industry.