What is captive insurance?

Answer In the insurance industry, there are two types of representatives: captive agents and independent brokers. Although both types of representatives can assist you with understanding and purchasing an... Read More »

Top Q&A For: What is captive insurance

The Disadvantages of Captive Insurance?

Captive insurance refers to an arrangement in which an entity chooses to provide insurance for its members by using its own assets, rather than purchasing it on the open market. Captive insurance o... Read More »

Definition of Captive Insurance?

The term "captive" as it relates to insurance refers to a person who sells the products of only one insurance company. This is in contrast to an independent agent, who sells the products of many d... Read More »

How to Set Up a Captive Insurance Company?

A captive insurance company is an insurance company specifically designed to underwrite the risks of a single firm or group of related firms. Captive insurance companies are formed when traditional... Read More »

What Is Captive Insurance Planning?

A captive insurance company is an insurance firm that is wholly owned by the company (or companies) that it insures. Many large corporations create captive insurance companies, and the process of c... Read More »