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A captive is an insurance or reinsurance company, established specifically to insure or reinsure the risks of its owner, or parent company. In some cases, captives are also used to insure the risks of third parties, similar to commercial insurers.
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What is a captive insurance company? A captive insurance or reinsurance company (referred to simply as a ‘captive’ in this guide) is an insurance or reinsurance company set up and wholly owned by a non-insurance company to act as a direct insurer or reinsurer for its affiliates. The primary purpose of a captive is to reduce a group’s
When properly employed, the use of a captive insurance strategy can help businesses better manage insurance costs, control claims, and use the retained earnings in the captive to strengthen the risk financing mechanism.
Learn the ins and outs of setting up a captive, followed by tips for operating and measuring your captive's performance to make sure you maximize potential benefits. In this complimentary Guide, Marsh’s captive professionals provide the tools needed to understand and communicate the value of captives.
Mar 25, 2021 · Captives 101- Understanding Captive Basics. Michael Zuckerman, Associate Professor Instruction, Temple University Fox School of Business Heather McClure, Chief Risk Officer, OU Health Theresa Carpenter, Senior Consultant, Hylant Global Captive Solutions. Recorded on March 25, 2021.
Jul 1, 2021 · In the most simplistic terms, a captive insurance company is an insurance subsidiary of a noninsurance entity or parent and is owned by the insured. The Purpose of a Captive.
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Jan 10, 2020 · Define captive insurance for beginners. Explain the difference between a captive and traditional commercial insurance. Review the main pros and cons of captive insurance. Provide guidelines to help determine if a captive insurance program might be right for your business.
