Risk tolerance is the willingness of an organization to incur risk to gain future reward
Risk sharing is a foundational principle in the entire insurance industry, not just for captive insurance.
A risk pool is a collective arrangement, where multiple entities, such as insurance companies or businesses come together to shrae and manage their risks.
Reinsurance is a way for insurance companies to protect themselves by sharing some of the risks they take on with other insurance companies.
Captives often use a fronting carrier, a licensed commercial insurer to issue policies.
Traditional insurance is intended to benefit the insurance companies first, without much thought to the businesses they insure.
Hurricane Helene slammed into Florida's Big Bend region as a Category 4 storm late Thursday.
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