MLchartDataset catalogue

Onshore captive

Term · Insurance and risk management · MLC-T-INS-002411

A wholly owned insurance company established and domiciled within the same country as its owner, often in a state with specific legislation for captive insurance. These entities are formed to manage specific risks, gain direct access to reinsurance markets, and potentially reduce insurance costs. Onshore captives operate under the regulatory framework of their domestic jurisdiction, such as Vermont or South Carolina in the United States.

Table 1. Record
IdentifierMLC-T-INS-002411
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002411",
  "term": "Onshore captive",
  "field": "Insurance and risk management",
  "definition": "A wholly owned insurance company established and domiciled within the same country as its owner, often in a state with specific legislation for captive insurance. These entities are formed to manage specific risks, gain direct access to reinsurance markets, and potentially reduce insurance costs. Onshore captives operate under the regulatory framework of their domestic jurisdiction, such as Vermont or South Carolina in the United States.",
  "url": "https://mlchart.com/terminology/insurance/onshore-captive/"
}

Record 2,424 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.