OMIC Receives 2020 Outstanding Captive of the Year Award

OMIC has been chosen Outstanding Captive of the Year for 2020 by the Captive Insurance Companies Association (CICA). A "captive insurer" is generally defined as an insurance company that is wholly owned and controlled by its insureds; its primary purpose is to insure the risks of its owners, and its insureds benefit from the captive insurer's underwriting profits. To date, OMIC has returned more than $90 million in policyholder dividends and helped stabilize the market for ophthalmology professional liability insurance.

This prestigious award was created to recognize companies that are creative and successful in the way they manage net results, provide exceptional service to its owners, prevail over difficult times or situations, and gain acceptance, recognition, and a positive reputation among agencies, regulators, and colleagues in its industry. CICA also noted the tremendous impact OMIC has had on risk management and patient safety around the world.

To be recognized in such a way among the 3,200 captives operating in the U.S. is truly an honor for our board, employees, and members.