Regulation
Credit for Reinsurance
Definition
Statutory accounting treatment allowing cedents to reduce liabilities for ceded reinsurance on financial statements.
Automate with Reinsured.AI
Reinsured.AI has a purpose-built AI agent that automates workflows involving Credit for Reinsurance — reducing manual processing time by up to 40% and eliminating data entry errors across your reinsurance operations.
Related Terms
Regulation
Admitted Reinsurer
Reinsurer licensed and authorized to transact business in a jurisdiction, allowing cedents to take full statutory credit for reinsurance.
Capital Management
Collateral
Assets pledged to secure reinsurance obligations, protecting cedents from counterparty default.
Regulation
Letters of Credit
Bank guarantee securing reinsurance obligations, allowing non-admitted reinsurers to provide statutory credit to cedents.