InsuranceDeferment period Aggregate deductible Premiums in force Cession Aggregate limits Voluntary coverage
Automatic treaty
Reinsurance is a crucial concept in the world of finance. It refers to a contractual agreement between a ceding company and a reinsurer, where the former agrees to transfer a portion of its business to the latter. This exchange is based on predetermined terms and conditions, and helps mitigate risk for the ceding company by distributing it to the reinsurer. This is just one example of the intricate and important concepts that make up the world of finance.
Related terms
Understand the meaning and definition of Deferment period in the context of stock market, trading, and investments.
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