What does Cession mean? Read on to discover the definition & meaning of the term Cession - to help you better understand the language used in insurance policies.
Cession is the allocation of risks given to the reinsurer by a ceding company. Ceded risks are either proportional or non-proportional for both premiums and losses. Trading is based on profitability of actuarial calculations.
We hope the you have a better understanding of the meaning of Cession.