CAPTIVE INSURANCE
Captive Insurance refers to an insurance company that is fully owned by its insureds and provides direct insurance or reinsurance of risks for its parent company or related entities. This approach allows companies to exercise more control over their risk management program, resulting in greater autonomy and potential cost savings. With captive insurance, companies can essentially become their own insurer, reducing reliance on external insurers. Additionally, captives can provide coverage for domestic risks that are either too expensive or not covered by the conventional insurance industry.
Explore if a Captive is right for your business.
KEY FEATURESÂ OF CAPTIVEÂ INSURANCE
WHAT TYPE OF COMPANIESÂ HAVE CAPTIVES?
Multinationals looking to consolidate risk.Â
Small and mid size companies with risks difficult to cover or uninsurable by the insurance market.
WHAT TYPES OF RISKS ARE INSURED BY CAPTIVES?
A Captive can cover any type of risk except Directors' and Officers' liability.
WHAT ARE THE MAJOR RISKS COVERED BY A CAPTIVE?
Supply ChainÂ
Cyber
Reputational Risks
Digital Asset