A Risk Retention Group (RRG) is a unique type of insurance entity in the United States, created under the federal Liability Risk Retention Act (LRRA) of 1986
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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.
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