Group-owned captive

{
  "id": "MLC-T-INS-001684",
  "term": "Group-owned captive",
  "field": "Insurance and risk management",
  "definition": "An insurance company owned by a collection of unaffiliated organizations to insure the risks of its member-owners. Members pool their capital and share in the risks, underwriting results, and investment income of the captive insurer. This structure is a common form of alternative risk transfer for businesses in the same industry that face similar liability exposures but are too small to form their own single-parent captive.",
  "url": "https://mlchart.com/terminology/insurance/group-owned-captive/"
}