Captive management company

{
  "id": "MLC-T-INS-000685",
  "term": "Captive management company",
  "field": "Insurance and risk management",
  "definition": "A professional firm that provides administrative, underwriting, and claims management services to a captive insurance company. These managers handle the day-to-day operations, including regulatory compliance, financial reporting, and policy issuance, on behalf of the captive's owner. Captive managers are compensated through a fee structure, which is based on a percentage of premium, a flat fee, or a combination of both.",
  "url": "https://mlchart.com/terminology/insurance/captive-management-company/"
}