captive insurance

by allyz85 » Wed Jun 29, 2011 04:54 pm

what is meaning of captive insurance?what are the coverage n benefits by using this type of insurance by some of offshore company?

Total Comments: 1

Posted: Mon Jul 04, 2011 09:15 am Post Subject:

There are certain captive insurance companies that are established with the definite and prime idea of financing risks originating from their parent group/groups.

Using a captive insurance is a risk management technique by which a business forms its own insurance company subsidiary to fund its preserved losses in a formal structure.

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