☰Yes. Embedded insurance is coverage sold inside another transaction, protection offered at the point of sale of a product, rental, service, or ticket. The business embedding the coverage usually earns a distribution fee while an outside insurer keeps the underwriting economics. A captive changes that: by reinsuring some or all of the embedded program, the business that owns the customer relationship also owns the underwriting result. For businesses with high transaction volumes, embedded programs can often grow a captive balance sheet faster than the parent's own risks.