Segregated cell captive (SCC)

{
  "id": "MLC-T-INS-003048",
  "term": "Segregated cell captive (SCC)",
  "field": "Insurance and risk management",
  "definition": "A type of captive insurance company structured with a central core and multiple individual cells, where the assets and liabilities of each cell are legally separated from those of other cells. Each cell functions as a distinct insurance entity for its owner, underwriting specific risks, but shares the captive's single legal identity and capital structure. This structure is also known as a protected cell company (PCC) in certain jurisdictions.",
  "abbreviation": "SCC",
  "url": "https://mlchart.com/terminology/insurance/segregated-cell-captive-scc/"
}