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Ceded revenue refers to the portion of income or revenue that a company, particularly in the insurance industry, transfers to another entity, often through reinsurance agreements. This arrangement allows the primary insurer to share risk, thereby protecting itself from significant losses. Ceded revenue can also impact the financial statements, as it may reduce reported premiums while providing a safety net against unforeseen claims. Overall, it is a strategic financial decision to enhance stability and risk management.
What else can I help you with?
Is service revenue an asset or liability?
Services revenue is revenue same as product revenue and it is not an asset or liability of the business.
Gain on sale of land is an asset or revenue?
It's a revenue. However, it's not a "Sales revenue", it's a "Other revenue".
Unearned revenue is a contra revenue account?
Unearned Revenue is a Liability Account
What is the journal entry for prepaid revenue?
prepaid revenue is debited and revenue is credited
Is accrued revenue an asset?
no, its a revenue
What does ceded insurance premium mean?
What does ceded premium mean
Which country ceded California?
Spain ceded California to The United States.
Was Kentucky ceded from another country?
Kentucky was not ceded from another country, but it was ceded from another state. It became independent from Virginia ins 1792.
What is the definition of ceded?
The word " ceded " means granted or given the ownership to something; to yield or formally surrender to another. Example sentence:Russia ceded Alaska to the USA. a century ago, in exchange for gold.
What is a synonym to ceded?
cede:)
What is an antonym of ceded?
succeeded
Which president faced the spain ceded florida in 1819?
James Monroe was President in 1819 when Spain ceded Florida.
What is a synonym for 'relinquished'?
yielded ceded
When was the southwest ceded by Mexico?
1848.
Is net premium written gross premium written less net ceded premium meaning gross ceded premium less ceding commission?
Net Premiums written = Gross Written premium less deductions for commissions and ceded reinsurance.
When was Puerto Rico ceded to the US?
In 1898.
What is another word for ceded?
Given unwillingly
