What is The Meaning of Reinsurance Ceded?
Reinsurance Ceded means, The portion of the risk that transfers primary insurance (also called primary insurance) to the reinsurer for a specific premium.
Issued insurance refers to a situation in which an insurer (called a sedentary) transfers one or more risks from one policy to another (reinsurance). The seeding company pays a premium to the reinsurer. Reinsurance pays for losses associated with transmitted risk.
The definition of Reinsurance Ceded is: The provision of reinsurance is part of the risk that is passed on to the reinsurer through the main insurance. This allows the primary insurance company to reduce the insurance risk by transferring the risk to another company. Basic insurers are also called seeding companies, while reinsurers are also called acquiring companies. In return for taking the risk, the reinsurer receives a premium and pays for the risk taken.
- By reinsuring, the insurer can reduce the risk to their portfolio.
- Reinsurance allows insurance companies to cover a wide range of risks and maintain low premium rates.
- Optional reinsurance and conventional reinsurance are two types of reinsurance agreements.
Reinsurance Ceded can be defined as, Transfer from insurance unit sedent to reinsurance
The definition of Reinsurance Ceded is: The insurer transfers the risk to another insurer or reinsurer.
Literal Meanings of Reinsurance Ceded
Meanings of Reinsurance:
An agreement in which the insurer transfers all or part of the risk to another insurer to protect himself from the risk of the first insurance.
Sentences of Reinsurance
Events like these will make it harder for your customers to get international insurance.
Meanings of Ceded:
Surrender (power or territory)
Sentences of Ceded
In 1874, the islands were ceded to Britain.
Synonyms of Ceded
concede, yield, give up, surrender, part with, relinquish