Part of the insurance was transferred from the sedent to the reinsurer. The re-transfer of insurance by an insurance company is called retrocession.
You can define Cession as, Assignment is the distribution of risk by a sedentary entrusting reinsurance. Transfer risk is proportional or proportional to premiums and claims. Negotiations are based on practical benefits.
You can define Cession as, The amount insured by the original insurer, which is paid to the insurance company in the context of the insurance transaction.
Cession definition is: Insurance refers to the part of the liability that is transferred to the insurance company or agent.
You can define Cession as, Transferring risk from insurance company to insurance company.
Meanings of Cession
Formal transfer of rights, property or territory by a state.
Sentences of Cession
References to twenty major cities
Synonyms of Cession
handing over, granting, surrender, transference, ceding, conceding, concession, grant, transferral, transfer, surrendering, bequest, relinquishment, giving up, yielding