Welcome to FSM CIC
The FSM Captive Insurance Council was formed in 2009 by companies with a vested interest in the growth and development of the Federated State of Micronesia (FSM) as a viable captive insurance domicile. With over twenty Japanese-owned captive insurance companies either licensed or approved to be licensed, the FSM has become the preeminent captive insurance domicile for Japan-based companies.
FSM Captive Insurance Seminar
The Federated States of Micronesia Tokyo Seminar 2026 Successfully Held
On October 23, 2026, the Federated States of Micronesia Captive Insurance Seminar 2026 was held in Tokyo, Japan. President Wesley W. Simina, who was on an official visit to Japan, delivered the opening remarks. In his address, President Simina emphasized the FSM government’s commitment to strengthening the FSM Insurance Board—thereby upholding high industry standards—while fostering a stable, efficient, and flexible regulatory environment tailored to the needs of businesses.
