What does Share Reinsurance mean? Read on to discover the definition & meaning of the term Share Reinsurance - to help you better understand the language used in insurance policies.
Share reinsurance refers to the obligations of the ceding company and the reinsurer about a policy. How these obligations are divided is dependent on the contract between the two. A percentage of the coverage can either be passed on the reinsurer or the reinsurer can take on the excess of the financial limit of the ceding company.
We hope the you have a better understanding of the meaning of Share Reinsurance.