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Captive Insurance - Offshore Company

Captive Insurance Definition. A captive is an insurance company that insures the risk of its parent company. Laymen may refer to the arrangement as self-insuring, alternative risk transfer or alternative insurance. Real Insurance. In order to pass the sniff test, it is essential that captive insurance company provides real insurance.…

Captive insurance - Wikipedia

Captive insurance is an alternative to self-insurance in which a parent group or groups create a licensed insurance company to provide coverage for itself. The main purpose of doing so is to avoid using traditional commercial insurance companies, which have volatile pricing and may not meet the specific needs of the company.…