CAIB-3 Exam Dumps | DEFINE: RETROCESSION (1 mark)

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Canadian Accredited Insurance Broker (CAIB 3) Exam
IBABC.CAIB-3.v2026-10-22.q20
Question 13

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Question 13/20

DEFINE: RETROCESSION (1 mark)

Correct Answer:

See the answer in Explanation below.
Explanation:
Retrocession is reinsurance of reinsurance. It occurs when a reinsurer transfers part of the risk it has accepted to another reinsurer, called the retrocessionaire.
Reference: CAIB 3 Training & Study Pack - Reinsurance: retrocession and retrocessionaire.

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