| 单词 | retention of risk |
| 释义 | retention of risk in Insurance (rɪtɛnʃən əv rɪsk) noun (Insurance: Reinsurance) retention, risk Retention of risk is the net amount of any risk which an insurance company does not reinsure but keeps for its own account. The reinsurer will indemnify the ceding company against the amount of loss on eachrisk in excess of a specified retention of risk subject to a specified limit. Often a maximum net retention of risk is specified in the treaty, with the primary company having the option to chooseto retain less for its own account on individual risks. Retention of risk is the net amount of any risk which an insurance company does not reinsure but keepsfor its own account. |
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