Captive Insurance Structure
Captive Insurance is not a line of coverage, but a strategic risk financing structure that allows organizations to establish and operate their own dedicated insurance entity to insure a portion of their risks.
Rather than relying solely on the traditional insurance market, captive structures provide organizations with greater control over how risk is retained, financed, and managed across the business.
Captive structures are designed to support long-term financial stability, improve risk visibility, strengthen claims oversight, and create greater flexibility in insurance program design and Total Cost of Risk (TCOR) management. They are commonly used by organizations with complex operations, predictable loss patterns, multinational exposures, or specialized risk financing requirements.
Captive strategies may support property, casualty, cyber, environmental, employee benefits, professional liability, supply chain, and other operational exposures while providing advantages in risk governance, capital management, and insurance program efficiency.
For multinational organizations, Captive Insurance structures may be integrated alongside Controlled Master Programs (CMPs), such as the WMB Global Risks Global Master Program, to help align global insurance strategy, local compliance requirements, and centralized risk financing objectives across jurisdictions.
Captive Insurance structures are designed to help organizations strengthen risk control, improve financial flexibility, and build a more strategic and resilient approach to long-term risk management.