MLchartDataset catalogue

Pure captive

Term · Insurance and risk management · MLC-T-INS-002765

An insurance company established and owned by a single non-insurance entity to underwrite the risks of that entity and its affiliates. This structure allows the owner to gain greater control over its insurance program, manage claims more effectively, and potentially reduce insurance costs. A pure captive does not insure risks from unrelated third parties.

Table 1. Record
IdentifierMLC-T-INS-002765
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002765",
  "term": "Pure captive",
  "field": "Insurance and risk management",
  "definition": "An insurance company established and owned by a single non-insurance entity to underwrite the risks of that entity and its affiliates. This structure allows the owner to gain greater control over its insurance program, manage claims more effectively, and potentially reduce insurance costs. A pure captive does not insure risks from unrelated third parties.",
  "url": "https://mlchart.com/terminology/insurance/pure-captive/"
}

Record 2,819 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.