MLchartDataset catalogue

Offshore captive

Term · Insurance and risk management · MLC-T-INS-002405

A wholly owned insurance company established and domiciled in a foreign jurisdiction, often one with favorable regulatory and tax environments, to underwrite the risks of its owner. These entities are formed to manage specific risks, gain direct access to reinsurance markets, and potentially reduce insurance costs. Common offshore domiciles include Bermuda, the Cayman Islands, and Guernsey.

Table 1. Record
IdentifierMLC-T-INS-002405
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002405",
  "term": "Offshore captive",
  "field": "Insurance and risk management",
  "definition": "A wholly owned insurance company established and domiciled in a foreign jurisdiction, often one with favorable regulatory and tax environments, to underwrite the risks of its owner. These entities are formed to manage specific risks, gain direct access to reinsurance markets, and potentially reduce insurance costs. Common offshore domiciles include Bermuda, the Cayman Islands, and Guernsey.",
  "url": "https://mlchart.com/terminology/insurance/offshore-captive/"
}

Record 2,417 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.