What is the Definition of Alternative Markets?

What is the Definition of Alternative Markets?

Nontraditional mechanisms used to finance risk. This includes captives, which are insurers owned by one or more noninsurers to provide owners with coverage. Risk-retention groups, formed by members of similar professions or businesses to obtain liability insurance and self-insurance, are also included.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Alternative Markets?

What is the Definition of Alternative Markets?

Check out other definition of insurance terms below:


What is the Meaning of PAID-UP ADDITIONAL INSURANCE OPTION In Insurance Terms?

An option, available to the owners of participating life insurance policies, that allows the policy owner to use policy dividends to purchase additional insurance on the insured’s life; the paid-up additional insurance is issued on the same plan as the basic policy and inWhatever face amount the dividend can provide at the insured’s attained age. (See Dividend; Participating policy; Policy dividend options)


What is the Meaning of PAID-UP POLICY In Insurance Terms?

An insurance policy that requires no further premium payments but continues to provide coverage.


What is the Meaning of PARTICIPATING POLICY In Insurance Terms?

A type of insurance policy that allows policy owners to receive policy dividends. Also known as par policy. (See Dividend)


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