Reinsurance Operations
Clean Cut
Definition
Reinsurance arrangement where the cedent retains no participation in the reinsured business after the effective date.
Automate with Reinsured.AI
Reinsured.AI has a purpose-built AI agent that automates workflows involving Clean Cut — reducing manual processing time by up to 40% and eliminating data entry errors across your reinsurance operations.
Related Terms
Reinsurance Operations
Commutation
The termination of a reinsurance contract where all future obligations are extinguished through a negotiated lump-sum payment. Used to close out runoff treaties.
Reinsurance Types
Loss Portfolio Transfer
Reinsurance transaction where an insurer transfers existing loss reserves and related liabilities to a reinsurer for a premium.