[[Actuarial Notes Wiki|Wiki]] / [[Exam 5 (CAS)]] / **Ceded Losses** ## Definition ==Ceded Losses== are the portion of losses transferred to reinsurers under reinsurance agreements. ## Formula ``` Ceded = Gross × Cession % Or for excess: Ceded = MAX(0, Gross - Retention) ``` ## Related Concepts - [[Gross Losses#Definition]] - [[Net Losses#Definition]] - [[Reinsurance Recovery#Definition]] ## References - Friedland, Chapter 9