MLchartDataset catalogue

Cede

Term · Insurance and risk management · MLC-T-INS-000718

To transfer all or part of an insurance risk from a primary insurer (the ceding company) to a reinsurer. This process allows the ceding company to reduce its exposure to large losses, stabilize its underwriting results, and increase its capacity to write more business. The reinsurer assumes a portion of the risk in exchange for a share of the premium.

Table 1. Record
IdentifierMLC-T-INS-000718
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000718",
  "term": "Cede",
  "field": "Insurance and risk management",
  "definition": "To transfer all or part of an insurance risk from a primary insurer (the ceding company) to a reinsurer. This process allows the ceding company to reduce its exposure to large losses, stabilize its underwriting results, and increase its capacity to write more business. The reinsurer assumes a portion of the risk in exchange for a share of the premium.",
  "url": "https://mlchart.com/terminology/insurance/cede/"
}

Record 489 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.