Retention

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Term: Retention

Definition:In terms of reinsurance, this describes the risk that the insurance company/the ceding company keeps. In terms of a company's insurance agreement, this is the part of the premium which the company keeps for the purpose of covering expenses, charges, risks and contribution to the surplus.

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The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/

ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®