What does Hybrid Plans mean? Read on to discover the definition & meaning of the term Hybrid Plans - to help you better understand the language used in insurance policies.
Risk financing techniques that are a combination of retention and transfer. Hybrid plans are designed to transfer only part of the risk of loss to an insurer while the organization retains the balance of the exposure. Also called blended plans or alternative market plans.
We hope the you have a better understanding of the meaning of Hybrid Plans.