Agency captive

{
  "id": "MLC-T-INS-000356",
  "term": "Agency captive",
  "field": "Insurance and risk management",
  "definition": "A captive insurance company owned by an insurance agency or brokerage firm, rather than by a single operating company. This captive underwrites a portion of the risks generated by the agency's clients, allowing the agency to participate in the underwriting profits and investment income. It provides an alternative risk financing solution for clients and a revenue stream for the agency.",
  "url": "https://mlchart.com/terminology/insurance/agency-captive/"
}