Insurance
Inward Reinsurance — Claim Paid to Cedant
Paying a claim to the original insurer (cedant) under an accepted reinsurance treaty.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Claims Expense — Inward Reinsurance | Expense (+) | 25,000.00 | - |
| Cash / Bank (Payment to Cedant) | Asset (-) | - | 25,000.00 |
💡 Accountant's Note
When the reinsurer accepts claims from cedants, the claims are expensed against the inward reinsurance premium income. Combined ratios are calculated separately for the direct and assumed reinsurance books.
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