Reinsurer

Definition

  • An insurer that takes on a portion of another insurer's (the ceding party's) insurance risk in exchange for a share of the insurance premiums.

Synonyms
insurer, reinsurance company

Related Terms and Acronyms

  • Approved for Reinsurance Definition,
    • A company that is certified to provide reinsurance in a certain area.
  • Ceding Party Definition,
    • In reinsurance, a ceding party is an insurance company that spreads liability to a reinsurer in order to lower risk.
  • Direct Written Premiums Definition,
    • All the premiums written by an insurer except those ceded to reinsurers.
  • Finite Reinsurance Definition,
    • A reinsurance arrangement where the reinsurer only takes on a limited amount of risk from the ceding party.
  • Lloyd's of London Company,
    • A market for insurance and reinsurance based in London, England where Lloyd's members, underwriters and financial backers can spread and share risk.
  • Reinsurance Definition,
    • The process of one insurance company sharing liabilities from an insurance policy with another insurance company in order to lessen exposure, or in other words, insurance for insurers.
  • Reinsurance Ceded Definition,
    • The amount of insurance that is reinsured with another insurance company.
  • Reinsurance Recoverables to Policyholder Surplus Definition,
    • A method used to determine how much an insurer relies on reinsurance.
  • Underlying Retention Definition,
    • The liability an insurance company still retains after ceding liability to a reinsurer.
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