The percentage of risk passed to a reinsurance company by an insurance company.
The individual risk being reinsured.
1) The unit of insurance, passed to a reinsurer by a primary company which issued a policy to the original insured. A cession may accordingly be the whole or a portion of single risks, defined policies, or defined divisions of business, all as agreed in the reinsurance contract. 2) The act of ceding where such an act is necessary to invoke the reinsurance protection.
(1) In reinsurance, the act of ceding. (2) In reinsurance, a parcel or unit of insurance that a company cedes to a reinsurer.----------[ Back
The amount of insurance risk transferred to the REINSURER by the CEDING COMPANY.
This is a customer’s policy that is ceded to the bank. The bank would hold the cession, while your insurance company would retain the policy document.
This is a customer's policy that is ceded to the bank. Standard Bank would hold the cession, while Charter or Liberty Life would retain the policy document.
The unit of insurance passed to the reinsurer by the ceding company. The unit (cession) may accordingly be the whole or a portion of (a) single risks, (b) defined type or class of policies or (c) defined divisions of a policy as agreed.
Amount of the insurance ceded to a reinsurer by the original insuring company in a reinsurance operation.
The amount of a risk which the insurance company reinsures: the amount passed on to the reinsurer.
The unit of insurance transferred to a reinsurer by a ceding company. It also refers to the process of ceding insurance to a reinsurer.
The amount ceded under a proportional reinsurance contract.
that part of an insurance transferred to a reinsurer. The transfer of rights, title and interest under a contract.
the action of giving up, handing over, or 'ceding', especially territory
Insurance that is reinsured: the passing of the insurer's risks to the reinsurer against payment of a premium. The insurer is referred to as the ceding company or cedent.
Both the unit of insurance that an insurance company cedes to a reinsurer and the document used to record the transfer of risk from a ceding company to a reinsurer.
