The Beginner's Guide To Captive Insurance

Download or read book The Beginner's Guide To Captive Insurance written by Portia Zielonko and published by Independently Published. This book was released on 2021-05-14 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: A captive insurer is generally defined as an insurance company that is wholly owned and controlled by its insureds; its primary purpose is to insure the risks of its owners, and its insureds benefit from the captive insurer's underwriting profits. Captives are another method by which loss risk is financed. They are not inherently mysterious, or illegal, or a silver bullet for all situations. The author, a trusted insurance industry expert and president of Risk Management Advisors provides readers with a step-by-step guide to understanding captives and how they are being used to significantly improve companies' bottom lines.