MLchartDataset catalogue

Producer-owned reinsurance company (PORC)

Term · Insurance and risk management · MLC-T-INS-002694

A reinsurance company established and owned by an insurance producer or agency to reinsure a portion of the risks that the producer places with primary insurers. This structure allows the producer to participate in the underwriting profits and investment income generated from the business they originate. PORCs are often used for specific lines of business or niche markets.

Table 1. Record
IdentifierMLC-T-INS-002694
FieldInsurance and risk management
AbbreviationPORC
Record as JSON 
{
  "id": "MLC-T-INS-002694",
  "term": "Producer-owned reinsurance company (PORC)",
  "field": "Insurance and risk management",
  "definition": "A reinsurance company established and owned by an insurance producer or agency to reinsure a portion of the risks that the producer places with primary insurers. This structure allows the producer to participate in the underwriting profits and investment income generated from the business they originate. PORCs are often used for specific lines of business or niche markets.",
  "abbreviation": "PORC",
  "url": "https://mlchart.com/terminology/insurance/producer-owned-reinsurance-company-porc/"
}

Record 2,742 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.