MLchartDataset catalogue

Cession

Term · Insurance and risk management · MLC-T-INS-000735

The act of transferring all or part of an insurance risk from a ceding insurer to a reinsurer. This process allows the primary insurer to reduce its exposure to large losses and stabilize its underwriting results. Cession can be done on a facultative basis, for individual risks, or on a treaty basis, covering a portfolio of risks.

Table 1. Record
IdentifierMLC-T-INS-000735
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000735",
  "term": "Cession",
  "field": "Insurance and risk management",
  "definition": "The act of transferring all or part of an insurance risk from a ceding insurer to a reinsurer. This process allows the primary insurer to reduce its exposure to large losses and stabilize its underwriting results. Cession can be done on a facultative basis, for individual risks, or on a treaty basis, covering a portfolio of risks.",
  "url": "https://mlchart.com/terminology/insurance/cession/"
}

Record 519 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.