What Is Captive Insurance and How Does It Work?
Posted: February 28, 2022
A captive insurance company is a subsidiary owned by a parent organization, established primarily to insure its owner. The captive insurer writes insurance policies for the parent organization and does not insure any other company. It provides risk mitigation for the parent company or a group of related companies. A captive insurance company may be formed: When a parent company is unable to find a...