Alternative risk transfer market

{
  "id": "MLC-T-INS-000401",
  "term": "Alternative risk transfer market",
  "field": "Insurance and risk management",
  "definition": "The sector of the financial and insurance industries offering non-traditional methods for managing and transferring insurable risks. This market encompasses solutions such as captive insurance, finite risk insurance, and securitization of insurance risks through instruments like catastrophe bonds. It provides organizations with customized risk management strategies beyond conventional insurance policies, often involving direct access to capital markets.",
  "url": "https://mlchart.com/terminology/insurance/alternative-risk-transfer-market/"
}