Which type of insurance service primarily exists to cater to specific corporate needs?

Captive insurance is a specialized form of insurance that is created to meet the unique and specific needs of a particular corporation or group of companies. This type of insurance allows organizations to take control of their own risk management and insurance financing by creating their own insurance company. Captive insurance is especially beneficial for businesses that have unique risks that may not be adequately covered by traditional insurance markets, allowing them to tailor their coverage and potentially save on costs over time.

Unlike general insurance, which provides broad coverage for various risks, or life and health insurance that cater to individuals' personal insurance needs, captive insurance focuses explicitly on the requirements of a specific business entity. This strategic approach enables companies to cover risks that are closely aligned with their operational activities, ultimately enhancing their risk management framework and financial stability.

This is why captive insurance stands out as the correct choice for the question regarding services that primarily cater to specific corporate needs.