Industrial insured group

{
  "id": "MLC-T-INS-001824",
  "term": "Industrial insured group",
  "field": "Insurance and risk management",
  "definition": "A collection of industrial insureds that collectively form or own a captive insurance company to insure their own risks. This arrangement allows multiple large entities to pool their risks and share the benefits of self-insurance, even if individually they might not meet all the criteria for forming a single-parent captive. The group structure provides economies of scale and diversified risk exposure.",
  "url": "https://mlchart.com/terminology/insurance/industrial-insured-group/"
}