Skip to main content

Retention, Self-Insurance, Captive Insurance Companies

  • Chapter
  • 458 Accesses

Abstract

When insurance is available only at a high price, organizations shift from a commercial insurer to retention. This chapter identifies the nature and concept of retention and self-insurance. It reviews the factors explaining these decisions and the development of captice insurance companies.

This is a preview of subscription content, log in via an institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   129.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

Suggestion for Additional Reading

  • Doherty, Neil A., Corporate Risk Management: A Financial Exposition, New York: McGraw-Hill Book Co., 1985, Chap. 11 & 12.

    Google Scholar 

References

  • Athearn, J.L., Pritchett, S.T. and J.T. Schmit, Risk and Insurance, St. Paul, Minnesota: West Publishing Co., 6th ed., 1989.

    Google Scholar 

  • Baglini, Norman A, Global Risk Management, New York: Risk Management Society Publishing Co., 1983.

    Google Scholar 

  • Bawcutt, P.A., Captive Insurance Companies: Establishment, Operation and Management, Cambridge, UK: Woodhead-Faulkner, 1982.

    Google Scholar 

  • Borch, Karl, Economics of Insurance, Amsterdam: North-Holland, 1990

    Google Scholar 

  • Conder, J.M. and G.N. Hopkins, The Self-Insurance Decision, New York: National Association of Accountants, 1981.

    Google Scholar 

  • Goshay, Robert C., Corporate Self-Insurance and Risk Retention, Homewood, Illinois: R.D. Irwin, Inc., 1964.

    Google Scholar 

  • Greene, Mark R. and J.S. Trieschmann, Risk and Insurance, Cincinnati, Ohio: South-Western Publishing Co., 7th ed., 1988.

    Google Scholar 

  • Mehr, R.I. and B.A. Hedges, Risk Management: Concepts and Applications, Homewood, Illinois: R.D. Irwin, Inc., 1974.

    Google Scholar 

  • Rejda, George E., Principles of Insurance, Glenview, Illinois: Scott, Foresman and Co, 3rd ed., 1989.

    Google Scholar 

  • UNCTAD, The Impact of Captive Insurance Companies on the Insurance Markets of Developing Countries, Geneva: United Nations, TD/B/C.3/192, Dec. 1984.

    Google Scholar 

  • Vaughan, Emmet J., Fundamentals of Risk and Insurance, New York: J. Wiley & Sons, 5th ed., 1989.

    Google Scholar 

  • Williams C. A. and R.M. Heins, Risk Management and Insurance, New York: McGraw-Hill Book Co., 6th ed., 1989.

    Google Scholar 

Download references

Authors

Rights and permissions

Reprints and permissions

Copyright information

© 1998 Springer Science+Business Media New York

About this chapter

Cite this chapter

Outreville, J.F. (1998). Retention, Self-Insurance, Captive Insurance Companies. In: Theory and Practice of Insurance. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-6187-3_10

Download citation

  • DOI: https://doi.org/10.1007/978-1-4615-6187-3_10

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-7836-5

  • Online ISBN: 978-1-4615-6187-3

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics