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AXA Insurance
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Head Office:
AXA Affin Assurance Berhad
Level 28, Menara Dayabumi,
Jalan Sultan Hishamuddin,
50050 Kuala Lumpur
Tel: 03 2279 8282,
Fax: 032711 1225
Website: http://www.axa-insurance.com.my/
Services offer to
travelers:
> Travellers Cheques (Bank Only)
> Currency Exchange (Bank Only)
> Overseas Travel Insurance |
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Captive Insurance
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Captive insurance
companies may be defined as limited-purpose insurance companies
established with the specific objective of financing risks emanating
from their parent group or groups. This definition can sometimes be
extended to include some of the risks of the parent company's customers.
In short, it is an in-house self-insurance vehicle.
Captives may take the
form of a "pure" entity (which is a 100 percent subsidiary of the
self-insured parent company); of a "mutual" captive (which insures the
collective risks of members of an industry); and of an "association"
captive (which self-insures individual risks of the members of a
professional, commercial or industrial association).
You may find these links helpful:
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