A Captive Company is a financial vehicle in the form of a insurance or reinsurance company (depending on the case). It allows owners of risks (and in some cases also those their associates), to participate in the transfer process of its insurable risks in order to optimize their cost-of-risk. This optimization is achieved mainly by  a Captive allowing an organization to take greater control of the financing of its expected losses as well as a higher degree of involvement in the process of placement of its risk transfer program to the reinsurance market. Captives are not necessarily a solution for all organizations so the decision-making process in relation to the inclusion of a captive must be supported by a technical, financial and legal analysis of the implications and impacts.