What Does Reinsurance Wheel Mean?

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What does Reinsurance Wheel mean? Read on to discover the definition & meaning of the term Reinsurance Wheel - to help you better understand the language used in insurance policies.

Reinsurance Wheel

Reinsurance Wheel

A procedure for retroceding individual life insurance risks in excess of a reinsurer's own retention to a group of retrocessionaires (up to their subscribed limit) in rotation, the order being determined by their positions as spokes on an imaginary wheel.

We hope the you have a better understanding of the meaning of Reinsurance Wheel.

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