#Reinsurance is #insurance for insurers. The party that diversifies its insurance portfolio is known as the ceding party.
21 Dec 2020, 11:45
#Reinsurance is #insurance for insurers.
The party that diversifies its insurance portfolio is known as the ceding party. The party that accepts a portion of the potential obligation in exchange for a share of the insurance premium is known as the #reinsurer.
#vocabulary