Captive insurance company: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Update.) |
imported>Doug Williamson (Expand first definition.) |
||
| (One intermediate revision by the same user not shown) | |||
| Line 3: | Line 3: | ||
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. | 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. | |||
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. | 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. | |||
Latest revision as of 14:31, 9 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.
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.
