Captive insurance is somewhat like a self-owned insurance company. It is established as part of a complex risk management strategy in the long-term hope of saving money. However, the company establishing a captive gains responsibility for accounting and reserves that it would not worry about if it had purchased insurance commercially. Captive schemes typically involve reinsurance. For example, the company may accept a million dollars in risk annually, but pay a reinsurer to cover losses beyond that point.
Related categories 1
Aon Captive Services Group (ACSG)
Parent site of Aon Insurance Managers (AIM), IRMG, and the Risk and Insurance Research Group Limited (RIRG). International organization offers captive and risk management services.
Offers turnkey services for middle market businesses and their principal owners.
Captive Insurance Companies
Provides information about captives, closely-held insurance companies, reinsurance, and their use in asset protection and planning. Site also includes legislation and court cases.
Offers independent consulting services in the area of captive insurance.
General resource site for the captive insurance industry. Offerings include articles, news, links, and case studies.
Garnet Captive Insurance Services, LLC
Works with insurance agents and brokers to provide an alternative to fixed cost insurance for their clients, and structures programs that meet the needs of commercial employers in the USA.
Strategic Risk Solutions
A provider of underwriting and risk management services to captive insurance companies and alternative market insurers.
Last update:July 3, 2016 at 19:55:42 UTC