Single-owner captive

{
  "id": "MLC-T-INS-003096",
  "term": "Single-owner captive",
  "field": "Insurance and risk management",
  "definition": "An insurance company established and owned by one non-insurance entity to insure the risks of that entity and its affiliates. This structure allows the owner to retain more control over its insurance programs, customize coverage, and potentially reduce premium costs. Profits from underwriting and investments accrue to the owner, and it operates under specific regulatory frameworks.",
  "url": "https://mlchart.com/terminology/insurance/single-owner-captive/"
}