Reducing dependence on commercial insurers and insulating from insurance market cycles.Direct access to the reinsurance markets.Positive impact on risk retention, risk management and loss control.Controlling your own insurance program (i.e.Reduction and stabilization of premiums.Why are Captives started? A captive might be considered for some of the following reasons: A captive may be owned by a corporation, individual or an association, domiciled onshore or offshore, and has the option of writing the business of unrelated parties. In essence, a captive serves as a premium funding vehicle for self-insuring the losses of the parent organization for a specific retention level designated by the parent. Is a Captive Insurance Program right for you?Ī captive is an insurance company that provides insurance to, and is controlled by, its owners.
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