Glossary

Hybrid refers to a type of risk financing plan that makes use of both internal and external funds to pay losses.

A hybrid captive is the combination of a standard group captive and structured reinsurance.

Hybrid plans are risk financing techniques that are a combination of retention and transfer.

Hydraulic fracturing is the process in which fractures in hard-to-reach shale rock formations below the earth's surface are opened and widened by injecting water, chemicals, and sand under high pressure to extract natural gas and oil trapped in the shale rocks.

Hydrocarbons are a class of organic compounds composed only of carbon and hydrogen.