self-insurance
noun
self-in·sur·ance
ˌself-in-ˈshu̇r-ən(t)s 
-ˈshər-,
-ˈin-ˌshu̇r-,
-ˈin-ˌshər-
: insurance of oneself or of one's own interests by the setting aside of money at regular intervals to provide a fund to cover possible losses
Examples of self-insurance in a Sentence
Recent Examples on the Web
For those seeking an alternative, owners are now looking into self-insurance or dropping their coverage entirely.
—
Abby Montanez, Robb Report, 15 Oct. 2024
Some companies are turning to captive insurance or self-insurance options to better manage their risks and costs.
—Brian Moroney, Forbes, 26 Sep. 2024
The International Group of P&I Clubs, a group of 12 self-insurance clubs that offer marine liability coverage for 90% of the world’s oceangoing vessels, paid $1.5 billion in claims.
—Lorraine Mirabella, Baltimore Sun, 3 Apr. 2024
Lake County officials will be look at ways to strengthen county employee’s health self-insurance plan as rising costs threaten the program’s future solvency.
—Carrie Napoleon, Chicago Tribune, 17 Sep. 2023
Although self-insurance through international reserves has sharply increased for some countries, pooled resources centered on the IMF have increased far less than self-insurance and have shrunk markedly relative to measures of global financial integration.
—Foreign Affairs, 22 Aug. 2023
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Abby Montanez, Robb Report, 15 Oct. 2024
Some companies are turning to captive insurance or self-insurance options to better manage their risks and costs.
—Brian Moroney, Forbes, 26 Sep. 2024
The International Group of P&I Clubs, a group of 12 self-insurance clubs that offer marine liability coverage for 90% of the world’s oceangoing vessels, paid $1.5 billion in claims.
—Lorraine Mirabella, Baltimore Sun, 3 Apr. 2024
Lake County officials will be look at ways to strengthen county employee’s health self-insurance plan as rising costs threaten the program’s future solvency.
—Carrie Napoleon, Chicago Tribune, 17 Sep. 2023
Although self-insurance through international reserves has sharply increased for some countries, pooled resources centered on the IMF have increased far less than self-insurance and have shrunk markedly relative to measures of global financial integration.
—Foreign Affairs, 22 Aug. 2023
Dictionary Entries Near self-insurance
Cite this Entry
“Self-insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/self-insurance. Accessed 22 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share