In straightforward terms, cession could be the transfer of insurance policy obligations from a single enterprise to another. This allows the initial insurer, often known as the ceding party, to lower their hazards and safeguard them selves from needing to make big payouts. In return, the reinsurer, or accepting celebration, https://shane60112.ltfblog.com/34765498/雅思阅读课-fundamentals-explained