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Wholly-owned subsidiary insurer
- A captive insurance company is a wholly-owned subsidiary insurer formed to provide risk mitigation services for its parent company or related entities. Companies form “captives” for various reasons, such as when: The parent company cannot find a suitable outside firm to insure it against particular business risks
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4 days ago · A captive insurance company is a subsidiary insurer that provides risk management services for its parent company or related entities. Learn how captives can save costs, reduce taxes, and cover unique risks, as well as the drawbacks and examples of captive insurance.
- Julia Kagan
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Captive insurance is an insurance company owned and controlled by its insureds, who use their own capital to insure their risks. Learn how captive insurance works, what types of captives exist, and what advantages they offer over commercial insurance.
Captive insurance is an alternative to self-insurance in which a parent group or groups create a licensed insurance company to provide coverage for itself. The main purpose of doing so is to avoid using traditional commercial insurance companies, which have volatile pricing and may not meet the specific needs of the company.
Feb 15, 2024 · Basically, captive insurance is a type of self-insurance where a company creates a subsidiary insurer to provide insurance coverage for itself. It may also provide insurance to other...
Jan 10, 2020 · Learn what captive insurance is, how it works, and its advantages and disadvantages. Compare captive insurance with other insurance models and find out if it's right for your business.
Oct 17, 2022 · Captive insurance is a self-insurance solution where a company sets up its own (re)insurance company to manage part of its risk. Learn how captives can help reduce costs, fill gaps and cope with uncertainty in the current market.
Learn what a captive is, how it works, and how to use it for your business. This e-book covers the benefits, costs, steps, and tips of captive insurance.
