What are the advantages of captive insurance over self-insurance?
Another advantage of captive insurance over fully funded self-insurance is that, in some of these types of arrangements, captive owners have the ability to share risk with other like-minded business owners.
What is a captive insurance company?
In a captive insurance arrangement, however, the insured creates a more formal arrangement for insuring against its unique business risks via the creation of its own insurance company.
What is self-funded captive insurance?
This type of self-insurance is called captive insurance. Like fully self-funded insurance, captive insurance is a risk mitigation strategy whereby a company insures itself against future losses.