MLchartDataset catalogue

Ceding commission

Term · Insurance and risk management · MLC-T-INS-000721

A commission paid by the reinsurer to the ceding company for the business transferred under a reinsurance agreement. This payment compensates the ceding company for its acquisition costs, such as agent commissions and underwriting expenses, associated with the original policies. It is typically a percentage of the ceded premiums.

Table 1. Record
IdentifierMLC-T-INS-000721
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000721",
  "term": "Ceding commission",
  "field": "Insurance and risk management",
  "definition": "A commission paid by the reinsurer to the ceding company for the business transferred under a reinsurance agreement. This payment compensates the ceding company for its acquisition costs, such as agent commissions and underwriting expenses, associated with the original policies. It is typically a percentage of the ceded premiums.",
  "url": "https://mlchart.com/terminology/insurance/ceding-commission/"
}

Record 504 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.