Profit center captives

{
  "id": "MLC-T-INS-002707",
  "term": "Profit center captives",
  "field": "Insurance and risk management",
  "definition": "A type of captive insurance company that is established with the primary goal of generating underwriting profits and investment income for its parent organization, rather than solely reducing insurance costs. These captives often assume risks from third parties or participate in reinsurance markets to diversify their risk portfolio. They operate with a focus on profitability and strategic risk management.",
  "url": "https://mlchart.com/terminology/insurance/profit-center-captives/"
}