MLchartDataset catalogue

Group captive

Term · Insurance and risk management · MLC-T-INS-001674

An insurance company owned by multiple non-insurance entities that come together to insure their own risks. Members are typically from the same industry or have similar risk profiles, sharing in the ownership, control, and underwriting profits or losses of the captive. This structure provides an alternative to traditional commercial insurance markets for its members.

Table 1. Record
IdentifierMLC-T-INS-001674
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001674",
  "term": "Group captive",
  "field": "Insurance and risk management",
  "definition": "An insurance company owned by multiple non-insurance entities that come together to insure their own risks. Members are typically from the same industry or have similar risk profiles, sharing in the ownership, control, and underwriting profits or losses of the captive. This structure provides an alternative to traditional commercial insurance markets for its members.",
  "url": "https://mlchart.com/terminology/insurance/group-captive/"
}

Record 1,592 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.