Group of companies

{
  "id": "MLC-T-INS-003666",
  "term": "Group of companies",
  "field": "Insurance and risk management",
  "definition": "A collection of legally distinct entities that are linked through common ownership or control, often operating under a unified strategic direction. In insurance, this structure can influence how risks are managed, with potential for shared insurance programs, captive insurance arrangements, or consolidated financial reporting. Each company within the group maintains its own legal identity.",
  "url": "https://mlchart.com/terminology/insurance/group-of-companies/"
}