Hybrid captive

{
  "id": "MLC-T-INS-001759",
  "term": "Hybrid captive",
  "field": "Insurance and risk management",
  "definition": "A risk financing entity that combines characteristics of a pure captive insurance company with elements of a commercial insurer or a risk retention group. It often involves a captive that underwrites risks for its owner while also accepting third-party business or participating in a pooling arrangement with other entities. This structure offers flexibility in risk management and potential profit generation.",
  "url": "https://mlchart.com/terminology/insurance/hybrid-captive/"
}