Wrap-around risk financing program

{
  "id": "MLC-T-INS-003759",
  "term": "Wrap-around risk financing program",
  "field": "Insurance and risk management",
  "definition": "A risk financing program that combines two or more risk financing approaches, such as insurance, retention, a captive or finite risk, into a single overall program. The components are structured to fit together so that the retained and transferred portions of the exposure leave no gaps between them. A captive retention topped by an excess insurance layer is one such combination.",
  "url": "https://mlchart.com/terminology/insurance/wrap-around-risk-financing-program/"
}