Home > Glossary

Retention

Retention

Definition

(1) Assumption of risk of loss by means of noninsurance, self-insurance, or deductibles. Retention can be intentional or, when exposures are not identified, unintentional. (2) In reinsurance, the net amount of risk the ceding company keeps for its own account.

Related Terms

Related Products

Navigation

Social Media

User ID: Subscriber Status:Free