Captive Insurer

Plain English Definition: An insurance company created by a business to insure its own risks.

What Captive Insurer really means for someone with an insurance policy

A Captive Insurer is set up by a business to handle its insurance needs, providing more control over costs and coverage.

Captive Insurer Real World Examples

• A large corporation forming its own insurer to cover liability risks.
• A shipping company creating a captive insurer to manage cargo loss risks.
• A healthcare network insuring its hospitals through a captive insurer.