Important Points for IC 22 - Life Insurance Underwriting Exam
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Reinsurer : is the insurance company that accepts the transfer of risk from the ceding company
Retrocession is a process in which a reinsurer reinsures its risks with another reinsurer.
In simple terms, retrocession is nothing but reinsuring of reinsurance.
Retrocedent is the reinsurance company that transfers (cedes) the risk to another reinsurer.
In other words, a reinsurance company that buys reinsurance is known as a retrocedent.
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