W
wwatson
Member
Seen this many times, but I actually have no clue what it really means
" ... using captive means the company will have direct access to the Reinsurance market .... hence able to place larger risk ... and get better rates ..."
I thought captive is just an insurance company set up and wholly owned by a company (e.g. Coca Cola / Fedex etc.) to provide insurance to its parent.
Where does the direct access to the Reinsurance market come from?
Can anyone help me out here
" ... using captive means the company will have direct access to the Reinsurance market .... hence able to place larger risk ... and get better rates ..."
I thought captive is just an insurance company set up and wholly owned by a company (e.g. Coca Cola / Fedex etc.) to provide insurance to its parent.
Where does the direct access to the Reinsurance market come from?
Can anyone help me out here