Captive insurance company: Difference between revisions
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imported>Doug Williamson (Update.) |
imported>Doug Williamson (Update - source - PwC - https://www.pwc.com/us/en/industries/insurance/captive-insurance-and-risk-management.html) |
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2. ''Groups of companies - insurance.'' | 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 shareholders than a single parent company. | 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. | |||
Revision as of 12:07, 8 February 2022
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.
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.
