Logarithm and Captive insurance company: Difference between pages

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1.
1. ''Groups of companies - insurance.''


The mathematical function which is the inverse of "raising to the power of".
A company that is part of a more general commercial group of companies, established primarily to insure the risks of its parent company and other companies in the group.


Often abbreviated to "log".
The owners are the insured.




'''Example'''
2.  ''Groups of companies - insurance - wider ownership structures.''


Working with logarithms to the base 10:
Similar companies with a limited range of customers - rather than being part of the general insurance market - but owned by a wider number of corporate shareholders than a single parent company.


log<sub>10</sub>(100) = 2
The broader shareholder group would still be the primary customers of the captive insurance company.


And 10<sup>2</sup> = 100
More generally, with logarithms to the base n:
log<sub>n</sub>(x) = the power which, when 'n' is raised to it = x
'''Example'''
10<sup>(log<sub>10</sub>(x))</sup> = x
And, more generally:
n<sup>(log<sub>n</sub>(x))</sup> = x


== See also ==
* [[Alternative risk transfer]]
* [[Captive]]
* [[First loss capital]]
* [[Group]]
* [[Insurance]]
* [[Parent company]]
* [[Superfund]]


2.
[[Category:Manage_risks]]
 
The logarithm to the base 10.
 
 
== See also ==
* [[Natural logarithm]]

Latest revision as of 04:16, 6 September 2024

1. Groups of companies - insurance.

A company that is part of a more general commercial group of companies, established primarily to insure the risks of its parent company and other companies in the group.

The owners are the insured.


2. Groups of companies - insurance - wider ownership structures.

Similar companies with a limited range of customers - rather than being part of the general insurance market - but owned by a wider number of corporate shareholders than a single parent company.

The broader shareholder group would still be the primary customers of the captive insurance company.


See also