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Captive audience

Henry Brandts-Giesen and Jackson Tu’inukuafe discuss captive insurance generally and the essential features of the Cook Islands specifically

Captive insurance is a type of self-insurance where a licensed insurance company (Captive) is set up to provide insurance to its non-insurance parent company and other related subsidiaries.

Captives are set up because they offer a way to insure risks that may otherwise be retained due to the cost of purchasing insurance from a commercial insurance provider. Captives also offer the opportunity to implement a personalised, strategic insurance programme distinct from merely purchasing insurance as a necessity.

Captives can manage risks for entities of all sizes, from major international corporations to non-profit organisations and can also be useful to family offices (FOs) and high-net-worth individuals (HNWIs).


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