What is a hostage insurance organization?
A hostage insurance organization (alluded to just as a ‘hostage’) is an insurance organization that is set up and completely claimed by a non-insurance organization to go about as an immediate back up plan or reinsurer for the parent organization and its auxiliaries.
The main role of a hostage is to lessen the organization’s all out cost of chance. Hostages are in many cases utilized as a necessary piece of an organization’s worldwide insurance program however can likewise cover neighborhood chances or be utilized in a simply homegrown design.
Expansive answers for address a company’s issues for its whole arrangement of business