Important Points for IC 22 - Life Insurance Underwriting Exam

Page 28 Of 64

Go to:

  • 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.

Life Insurance Underwriting

Copyright 2025 - MODELEXAM MODELEXAM®